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