Chapter 33.1 Key Terms Created by: Ben Collier

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Across
  1. 2. A risk that is unacceptable to insurance carriers because the likelihood of loss is too high.
  2. 3. When conditions can be controlled to minimize the chance of harm.
  3. 5. The risk of harm caused by humans.
  4. 6. The systematic process of managing risk to achieve your objectives.
  5. 9. A risk that meets an insurance companies criteria.
  6. 10. The possibility of loss or injury.
Down
  1. 1. When there is a likelihood of economic loss.
  2. 2. Risk that can't be controlled.
  3. 4. Paid protection against loss due to injury or property damage.
  4. 7. The possibility of catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake.
  5. 8. The threat of a loss with no opportunity for gain.