Chapter 33.1 Key Terms Created By: Deja Banks

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