Chapter 33.1 Key Terms Created by Asher Weddel

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