Commercial insurance, or business insurance, is coverage purchased by businesses to protect them from the costs of unexpected events during normal operations.
The meaning of INSURANCE is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence.
Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.
An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.
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