Chapter 33.1 Key Terms created by Brady Lake

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