Chapter 13.1 Key Terms Created by: Jaime Ruvira

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