Chapter 33.1 Key Terms Created by: Emily Hume

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