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.
Placing quality insurance coverage is just the beginning. Keeping your workplace safe and employees healthy is what drives long term value. Find out how with Assurance!
Street : 20 N Martingale Rd, Schaumburg, Illinois, United States, 60173
GET TRAVEL INSURANCE ONLINE | Simple & Easy to Quote | Specializing in Pre-Existing Medical Conditions | Senior & SnowBirds Insurance | Visitor's to Canada Insurance | Super Visa Insurance | Student Insurance | Buy Direct Online
Street : 425 Notre Dame St, Dieppe, New Brunswick, Canada, E1A
Insurance Bureau of Canada is the national industry association representing Canada’s private home, car and business insurers. Its member companies represent 90% of the property and casualty (P&C) insurance market in Canada.
Street : Toronto, Ontario, Canada
W. R. Berkley provides insurance solutions through more than 50 Berkley companies - each with deep expertise in an industry, product line or geography
Street : 475 Steamboat Road, Greenwich, Connecticut, United States, 06830
Humania offre des produits d'assurance santé de qualité pour les individus et les groupes. Elle mise sur un service hors pair pour répondre à vos besoins.
Street : 1555 Rue Girouard O, Saint-Hyacinthe, Quebec, Canada, J2S 2Z6
Preferred Mutual offers home insurance, auto insurance and business insurance. Learn how to get a free quote at Preferredmutual.com.
Street : 1 Preferred Way, New Berlin, New York, United States, 13411
Find tailored business insurance, including public liability, professional indemnity & landlord cover. Buy online in minutes or through our UK call centre.
Street : 99 Gresham Street, London, United Kingdom, EC2R 7
Serving all areas of general insurance (home, business, tenant, auto, marine, farm, travel, resort) and financial planning (life, disability, group, RRSPs).
Street : 319 2nd St S, Kenora, Ontario, Canada, P9N
Howden have deep expertise protecting coaches, activity leaders, local clubs and their governing bodies. However you enjoy yourself, we can help you feel safe. Find out more about how Howden can help.
Street : Creechurch Place, London, England, United Kingdom, EC3A 5AF
Guild have provided insurance for businesses & professionals for over 50 years. Specialising in professional indemnity insurance & business insurance
Street : 171 Collins St, Melbourne, Victoria, Australia, 3000
Prospect Insurance Brokers is an independent, dynamic and entrepreneurial insurance and reinsurance Lloyd’s of London broker founded in 2010.
Street : 10 Lower Thames Street, London, United Kingdom, EC3R 6AF
FINEOS provides a complete AdminSuite software solution for the life, accident & health insurance industry. Contact us for more information.
Street : 1275 Mission Street, San Francisco, California, United States, 94103
Explore EMC Insurance's products and types of coverage for business insurance, reinsurance and loss control.
Street : 717 Mulberry Street, Des Moines, Iowa, United States, 50309
Straightforward independent advice from the experts. Speak to us today about insurance, financial planning and risk management for you and your business
Street : 126 Thorpe Road, England, United Kingdom, NR1 1UL
Swann are proud to be one of Australia's leading provider of motorcycle insurance. Get a motorcycle insurance quote in under 1 minute today.
Street : 181 William Street, Melbourne, Victoria, Australia, 3000