Chapter 33.1 Key Terms Created by Hailee Meredith

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