Chapter 33.1 Key Terms Created by: Kara Rice

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