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