Ch. 33.1 Vocabulary

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Across
  1. 3. Occurs when there is likelihood of economic loss.
  2. 7. A risk that is unacceptable to insurance carriers because the likelihood of loss is too high.
  3. 8. A risk that cannot be controlled.
  4. 9. The risk of harm caused by human mistake.
  5. 10. Paid protection against loss due to injury or property damage.
  6. 11. The threat of a loss with no opportunity for gain.
Down
  1. 1. The possibility of a catastrophe of natural causes.
  2. 2. The possibility of loss or injury.
  3. 4. When conditions can be controlled to minimize the chance of harm.
  4. 5. A risk that meets an insurance company's criteria for insurance coverage.
  5. 6. The systemic process of managing risk to achieve your objectives.