Across
- 4. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightening, drought, or earthquake.
- 5. the threat of a loss with no opportunity for gain
- 7. occurs when conditions can be controlled to minimize the chance of harm
- 8. possibility of loss or injury
- 11. risk that is unacceptable to insurance carries because the likelihood of loss is too high
Down
- 1. occurs when there is a likelihood of economic loss.
- 2. risk that meets an insurance company's criteria for insurance coverage
- 3. risk of harm caused by human mistakes
- 6. connot be controlled
- 9. paid protection against loss due to injury or property damage
- 10. systematic process of managing risk to achieve your objectives