Chapter 33.1 Key Terms Created by: Sarah Edwards

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