Chapter 33.1 Key Terms Created by: Braydon Hill

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