Chapter 33.1 Key Terms Created By: Cooper Morrow

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