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