Key Terms Created by: Chyanne Miller

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