Chapter 33.1 Key Terms Created by: Aiden Goen

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