Chapter 33.1 Key Terms Created by: Aspen Rhodes

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