Chapter 33.1 Key Terms Created by: Malerie Brewer

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