Chapter 33.1 Key Terms created by Jake Pennington

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