Chapter 33.1 Key Terms Created by: Chelsea May

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