Chapter 33.1 Key Terms Created By: Hannah Beaty

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