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