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