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