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