Chapter 33.1 Key Terms Created By: Tyler Hargis

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