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