Chapter 33.1 Key Terms Created by: Jacob Roy

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