Chapter 33.1 Key Terms Created by: Daniel Diego

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