Business Insurance Protects Your Investments

to the policyholders.

By:
Juanita Martinezl

Finance>
Insurancel
Feb 19, 2009

The basics – What Insurance is? Why do you need insurance?

According to Wikipedia, insurance is:
“Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss”

By:
freeinsurancequotessitel

Finance>
Insurancel
Aug 26, 2009

Types of Insurance

Insurance is a risk-transfer mechanism that ensures full or partial financial compensation for the loss or damage caused by event(s) beyond the control of the insured party. Under an insurance contract, a party (the insurer) indemnifies the other party (the insured) against a specified