Chapter 33.1 Key Terms Created by Conner Hinton

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