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