Key terms Created by: Chance M. Russell

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