Chapter 33.1 Key Terms by Chalant Hood

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