Insurance

Insurance Definition

What Is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

How Insurance Works

There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.

Key Takeaways

  • Insurance
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Insurance – Wikipedia

Equitable transfer of the risk of a loss, from one entity to another in exchange for payment

An advertising poster for a Dutch insurance company from c. 1900–1918 depicts an armoured knight.

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, insurance company, insurance carrier or 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

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Insurance – AOL Video Search Results

Yahoo!

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Progressive: Ranked One Of The Best Insurance Companies

Over $750 average savings for new customers who save*

With Progressive auto insurance, you’ll enjoy affordable coverage options and a variety of discounts. Plus, you can get a quote in just a few minutes – get started now and enjoy peace of mind behind the wheel.

Why Progressive?: We guarantee repairs for as long as you own or lease your vehicle when you take it to one of our network shops.

Learn more about auto

Join the #1 specialty insurer starting at $125/year††

Whether you’re a full-time RVer or an occasional road-tripper, you’ll find all the coverages you need at an affordable price right here. Get a quote now and enjoy the open road without worry.

Why Progressive?: From windshield & glass coverage to emergency expenses, we have your road trip covered.

Learn more about RV

Ride with the #1 bike insurer starting at $75/year**

If you

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Start Your Own Business | USAGov

Learn how to open your own business, and find programs to help military veterans and minorities get started.

Start a Business

Building your own business from the ground up is an exciting opportunity, but it can also be challenging.   

Follow the 10 steps from the Small Business Administration (SBA) to starting a business. You’ll learn about writing a business plan, determining the legal structure of your business, and more.

Avoid common mistakes and get advice from experienced small business owners who want to help. Local SBA partner organizations offer free access to mentors and trainers.

The following tips and checklists can help you with other important parts of the process.

Business Funding Options

Learn about a wide range of funding options to help start your business, such as government-guaranteed loans, grants, and other financial assistance.

Tax Requirements to Start a Business

It’s important for your business to comply with federal,

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Business legal definition of business

The Bell group, instead of being driven from the field, were at once lifted to a higher level in the business world.

Most of them were well- known business men–the Bradleys, the Saltonstalls, Fay, Silsbee, and Carlton.

There was a spirit of confidence and enterprise; and the next step, clearly, was to create a business organization.

Vail, took his seat as General Manager in a tiny office in Reade Street, New York, and the building of the business began.

Bell invented the telephone; Watson constructed it; Sanders financed it; Hubbard introduced it; and Vail put it on a business basis.

The new General Manager had, of course, no experience in the telephone business. Neither had any one else.

So, just as Amos Kendall had left the post office service thirty years before to establish the telegraph business, Theodore N.

“We have the only original telephone patents,” he wrote;

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