Chapter 33.1 Key Terms Created By: Yuliana Narez

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Across
  1. 3. occurs when there's a likelihood of economic loss
  2. 5. occurs when conditions can be controlled to minimize the chance of harm
  3. 7. paid protecion against loss due to injury or property damage
  4. 9. the possibility of loss or injury
  5. 10. the threat of a loss with o opportunity for gain
  6. 11. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lighting, drought, or earthquake
Down
  1. 1. a risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  2. 2. the systematic process of managing risk to achieve your objectives
  3. 4. cannot be controlled
  4. 6. a risk that meets an insurance company's criteria for insurance coverage
  5. 8. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people