Chapter 33.1 Key Terms Created By: Rachel Kaufman

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Across
  1. 2. paid protection against loss due to injury or property damage
  2. 8. the systemic process of managing risk to achieve your objectives
  3. 10. cannot be controlled
  4. 11. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
Down
  1. 1. the possibility of loss or injury
  2. 3. occurs when conditions can be controlled to minimize the chance of harm
  3. 4. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake
  4. 5. a risk that meets an insurance company's criteria for insurance coverage
  5. 6. a risk that id unacceptable to insurance carriers because the likelihood of loss is too high
  6. 7. the threat of loss with no opportunity for gain
  7. 9. occurs when there is likelihood of economic loss