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