Chapter 33.1 Key Terms created by: Jened Layman

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