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