Chapter 33.1 Key Terms Created by: Allison Killey

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Across
  1. 1. Possibility of loss or injury
  2. 6. Paid protection against loss due to injury or property damage
  3. 7. Conditions cannot be controlled
  4. 9. Threat of a loss with no opportunity for gain
Down
  1. 1. Systemic process of managing risk to achieve your objectives
  2. 2. Risk that is unacceptable to insurance carriers because likelihood of loss is too high
  3. 3. Conditions can be controlled to minimize chance of harm
  4. 4. Risk that meets an insurance company's criteria for insurance coverage
  5. 5. Risk of harm caused by human mistakes, dishonesty, or another risk attributed by people
  6. 8. When there is likelihood of economic loss