Chpater 33.1 Key Terms Created by: Kalin Perry

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