Chapter 33.1 Key Terms Created by: Trent Brigdon

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