Chapter 33.1 Key Terms Created by: Trevor Lawson

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