33.1 Vocab

4. the possibility of a catastrophe caused by a flood,tornado,hurricane,fire and lighting that occurs that may do damage to the home
6. the possibility of loss or injury
8. cannot be controlled
9. a risk that meets an insurance company's criteria for insurance coverage
11. when there is likelihood of economic loss

1. risk of harm caused by human mistakes and dishonesty
2. the system process of managing risk to achieve your objective
3. when conditions can be controlled to minimize the chance of harm.
5. a risk that is unacceptable o insurance carriers because the likelihood of loss it too high
7. the threat of a loss with no opportunity for gain
10. a paid protection against loss due to injury or property damage