Chapter 33.1 Key Terms Created by: Marianne Ortega

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