Chapter 33.1 Key Terms Created By: Keaton Seniours

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