Chapter 33.1 Key Terms created by Brady Lake

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