Chapter 33.1 Key Terms Created by: sarah nickell

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