Chapter 33.1 Key Terms Created by: Shana Brock

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