Insurance Meaning Business Dictionary
Insurance taken out by a company to protect against injury or damage caused by a problem with a product or a failure by an employee.
Insurance meaning business dictionary. Insurance promise of reimbursement in the case of loss. Want to learn more. Under an insurance contract a party the. Insurance taken out by a company to protect against loss of income caused by the death or illness.
Businesses seek insurance to cover potential damage to property to. Every business owner should shop for the best business liability insurance rates and coverage. 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. Business insurance refers broadly to a class of insurance coverage intended for purchase by businesses rather than individuals.
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