Insurance Meaning Business Dictionary
An agreement in which you pay a company money and they pay your costs if you have an accident.
Insurance meaning business dictionary. Want to learn more. Businesses seek insurance to cover potential damage to property to. Every business owner should shop for the best business liability insurance rates and coverage. Paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.
Insurance promise of reimbursement in the case of loss. Improve your vocabulary with english vocabulary in use from cambridge. Business life and health insurance definition. Business insurance refers broadly to a class of insurance coverage intended for purchase by businesses rather than individuals.
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.
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