Chapter 33.1 Key Terms Created by Ivan Lima

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