Chapter 33.1 Key Terms Created by: Rebekah Franke

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