Chapter 33.1 key terms created by Ryan Hanson
Across
- 4. risk when there is likelihood of economic loss
- 8. risk the possibility of a catastrophe caused by a flood,tornado, lightening and drought
- 9. risk the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
- 10. risk cannot be controlled
Down
- 1. risk the threat of a loss with no opportunity for gain
- 2. risk when conditions can be controlled to minimize the chance of harm
- 3. the possibility of loss or injury
- 5. paid protection against loss due to injury or property damage
- 6. risk a risk that is unacceptable to insurance carriers
- 7. risk a risk that meets an insurance companys criteria for insurance coverage