Chapter 33.1 Key Terms Created by: Luke Dover

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