Chapter 33.1 Key Terms Created by:Sydney Gregory

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