chapter 33.1 key terms created by: daniela perez

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