Chapter 33.1 Key Terms Created by: Marianne Ortega

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