Chapter 33.1 Key Terms Created by: Avery Clark

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