Chapter 33.1 Key Terms Created by - Adam Berry

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