Across
- 6. a condition that poses unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law
- 7. (in business) the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact
- 8. take steps to put internal control procedures in place to reduce the chances of such risks resulting in actual losses
- 10. A natural hazard is a natural phenomenon that might have a negative effect on humans or the environment or your business
- 11. fires, water damage and theft or vandalism
Down
- 1. The chances of loss from various factors that can be reduced or avoided altogether
- 2. a category of threat that is beyond human control and has only one possible outcome if it occurs: loss
- 3. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium
- 4. the chance that macroeconomic conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country
- 5. A risk that conforms to the norms and specifications of the insurance policy in such a way that the criterion for insurance
- 9. a situation involving exposure to danger