Chapter 33.1 Key Terms Created by: Shawnta Townsend

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