chapter 33.1 key terms created by Elizabeth Neal

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