Chapter 33.1 Key terms Created by Stephanie Harrison

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