Ch. 33.1 Key Terms Created By: Madison Cowins

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Across
  1. 3. A risk that meets an insurance company's criteria for insurance coverage.
  2. 9. An incident or event
  3. 12. A risk that is unacceptable to insurance carriers because the likelihood of loss is too high.
  4. 13. The risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people.
  5. 14. The possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake.
  6. 15. Occurs when there is a likelihood of economic loss.
Down
  1. 1. To reduce to the smallest amount or degree.
  2. 2. The possibility of loss or injury.
  3. 4. Cannot be controlled
  4. 5. A period of ten years
  5. 6. Occurs when conditions can be controlled to minimize the chance of harm.
  6. 7. The threat of a loss with no opportunity for gain.
  7. 8. A principle or standard by which something may be judged or decided.
  8. 10. The systemic process of managing risk to achieve your objectives.
  9. 11. Paid protection against loss due to injury or property damage.