Chapter 33.1 Key Terms Created by: Chad Critser

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