Chapter 33.1 Key Terms Created by: Kyle Staublin

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