Chapter 33.1 Key Terms Created by: Rolando Baltazar

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