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