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