Chapter 33.1 Key Terms Created by: Sydney Berman

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