Chapter 33.1 Key Terms Created by: Marianne Ortega

Edit Answers
1234567891011
Across
  1. 1. Paid protection against loss due to injury or property damage.
  2. 5. The systemic process of managing risk to achieve your objectives.
  3. 6. The risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people.
  4. 7. The possibility of loss or injury.
  5. 8. A risk that is unacceptable to insurance carries because the likelihood of loss is too high.
  6. 9. Occurs when conditions can be controlled to minimize the chance of harm.
  7. 11. A risk that meets an insurance company's criteria for insurance coverage.
Down
  1. 2. When there is a likelihood of economic loss.
  2. 3. The possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lighting, drought, or an earthquake.
  3. 4. Risk that cannot be controlled.
  4. 10. That threat of a loss with no opportunity for gain.