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