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