Chapter33.1 Key Terms Created By: Ashley Stahl

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