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