Chapter 33.1 Key Terms created by: Jened Layman

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