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