Chapter 33.1 Key Terms Created by: Sam Maxwell

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