Chapter 33.1 Vocabulary

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