Chapter 33.1 Key Terms Created by: Sydney Oakes

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