Chap. 33.1 vocab words created by: Jadyn Ruble

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