Chapter 33.1 Key Terms Created by: Porsche Tobias

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Across
  1. 4. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightening, drought, or earthquake.
  2. 5. the threat of a loss with no opportunity for gain
  3. 7. occurs when conditions can be controlled to minimize the chance of harm
  4. 8. possibility of loss or injury
  5. 11. risk that is unacceptable to insurance carries because the likelihood of loss is too high
Down
  1. 1. occurs when there is a likelihood of economic loss.
  2. 2. risk that meets an insurance company's criteria for insurance coverage
  3. 3. risk of harm caused by human mistakes
  4. 6. connot be controlled
  5. 9. paid protection against loss due to injury or property damage
  6. 10. systematic process of managing risk to achieve your objectives