Chapter 33.1 Key Terms Created By: Clayton Heckman

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Across
  1. 1. The threat of a loss with no opportunity for gain.
  2. 3. A risk that meets an insurance company's criteria for insurance coverage.
  3. 6. Paid protection against loss due to injury or property damage.
  4. 7. The systematic process of managing risk to achieve your objective.
  5. 8. When conditions can be controlled to minimize the chance of harm.
  6. 9. Occurs when there is likelihood of economic loss.
  7. 10. The possibility of loss or injury.
  8. 11. The risk of harm caused by human mistakes.
Down
  1. 2. Cannot be controlled.
  2. 4. The possibility of a catastrophe caused by a natural disaster.
  3. 5. A risk that is unacceptable to insurance carried because the risk it carries is to high.