Chapter 33.1 Key Terms Created By: Hunter Crockett

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