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