Chapter 33.1 Key Terms Created by:Jesus Garcia
Across
- 4. Paid protection against loss due,to injury or property risk
- 7. risk The possibility of a catastrophe caused by flood, tornado, hurricane, fire, lightning, drought, or earthquake.
- 8. risk Occurs when conditions can be controlled to minimize the chance of harm.
- 10. risk Occurs when there is likelihood of economic loss
Down
- 1. risk The threat of a loss with no opportunity for gain
- 2. The possibility of loss or injury
- 3. risk A risk that is unacceptable to insurance carriers because the likelihood of loss is too high
- 5. risk Cannot be controlled
- 6. risk A risk that meets an insurance company's criteria for insurance coverage
- 9. risk The risk of harm caused by human mistakes,dishonesty, or another risk that attributed to people