Chapter 33.1 Key Terms Created By:Lilly Lucas

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