Chapter 33.1 Key Terms Created By: Lillie Cote

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