Chapter 33.1 Key Terms Created By: Sophia Stahl

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