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