Insurance: The Key for a Fearless and Happy Life

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Sep 10, 2010

Unpredictability of business set ups opt for Professional indemnity insurance

You can simply say that Insurance is the payment of a small predictable amount of money (“premium”) to protect against a larger unpredictable expense (“loss/claim”). Thus, with the purchase of the insurance you can transfer the risk attached to the property, vehicle or other materials and equipment from yourself to the insurance company from whom you are purchasing the insurance for a stipulated fee.

By:
frausimol

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