Across
- 3. occurs when there's a likelihood of economic loss
- 5. occurs when conditions can be controlled to minimize the chance of harm
- 7. paid protecion against loss due to injury or property damage
- 9. the possibility of loss or injury
- 10. the threat of a loss with o opportunity for gain
- 11. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lighting, drought, or earthquake
Down
- 1. a risk that is unacceptable to insurance carriers because the likelihood of loss is too high
- 2. the systematic process of managing risk to achieve your objectives
- 4. cannot be controlled
- 6. a risk that meets an insurance company's criteria for insurance coverage
- 8. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people