Chapter 33.1 Key Terms Created By: Tara Richey

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