Key Terms Created by: Alyna Alvarado

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