What Is Insurance – How Does It Work?

2020-05-06T15:42:48+10:00

Insurance

is a means of security from monetary loss. It is a form of risk management, used mainly to offset the risk of an unforeseen loss to a third party.

An establishment which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.

A person or establishment who buys insurance is known as an insured […]