Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known - relatively small - loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.
Hoffmann Kool Insurance has been providing a range of Personal Insurance Products and Motor Vehicle Licensing in and around Saskatoon for over 30 years.
Street : 75 Lenore Dr, Saskatoon, Saskatchewan, Canada, S7K 7Y1
Our companies, Banner Life and William Penn, offer affordable life insurance policies and retirement annuities to secure your family's future.
Street : 3275 Bennett Creek Ave, Frederick, Maryland, United States, 21704-7608
Virginia Farm Bureau Insurance and Membership. We serve more than just Virginia's farmers, we serve Virginians.
Street : Richmond, Virginia, United States
BFL CANADA: Brokers for reliable commercial general liability insurance solutions (all businesses) and operational risk management plans.
Street : 2001 Avenue McGill College, Montreal, Quebec, Canada, H3A 1G1
Frankenmuth Insurance offers customized coverage for business, home, auto and life insurance. Contact a local agent for a quote with Frankenmuth Insurance.
Street : 1 Mutual Ave, Frankenmuth, Michigan, United States, 48734
Our company is operating from offices in Leamington, Windsor, Tecumseh, and Harrow. Southland offers a dedicated team of insurance professionals ready to satisfy all of your general insurance and life and financial service needs.
Street : 98 Talbot Street West, Leamington, Ontario, Canada, N8H 1M8
Momentum Solutions insurance broker network helps insurance professionals start their own insurance brokerage - we're more than a broker network.
Street : United Kingdom, LE19 4XT
Silveus Crop Insurance has advanced with the industry while still proving our success since we began in 1940. We are the leader in crop risk assessment.
Street : 1037 Mariners Dr, Warsaw, Indiana, United States, 46582-9392
SALAMA Islamic Arab Insurance Company - Car, Home, Travel, Health & More
Street : شارع الشيخ راشد, Dubai, Dubai, United Arab Emirates
As a fourth generation family business, we at the Orr Insurance & Investment Group understand the importance of protecting your loved ones, ensuring your livelihood, and building a financial future – for the years, decades and generations ahead.
Street : 50 Cobourg St, Stratford, Ontario, Canada, N5A 3E5
Reliance Nippon Life Insurance, a leading life insurance company in India, offers a wide range range of inusrance plans such as term insurance, savings, child policies & more.
Street : Western Express Highway, Mumbai, Maharashtra, India, 400055
Premier Consulting Associates offers employer benefits consulting and self-funded health plan assistance for businesses and governments in New York.
Street : 1416 Sweet Home Rd, Amherst, New York, United States, 14228
CCV Insurance & Financial offer the best group of personal and business insurance brokers in Ontario to help you get the cover you need. Get a free quote!
Street : 32 Queen St W, Brampton, Ontario, Canada, L6X 1A1
Assurant protects what matters most for your customers and clients alike. Learn more about us or access the help center.
Street : New York, New York, United States, 10005