Insurance by definition is a practice or arrangement by which a company or government agency
provides a guarantee of compensation for specified loss, damage,
illness, or death in return for payment of a premium.
Insurance is a way for businesses and individuals to offset the financial impact of a risk occurring. It is the transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
Insurance is a way for businesses and individuals to offset the financial impact of a risk occurring. It is the transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
