Chapter 33.1 Key Terms Created By: Canaan Clark

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