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