How Insurance Works

How Insurance Works

Christian Winkler Christian Winkler

Christian Winkler

Consultant

发布日期: 2014年12月14日
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https://cc-lifestyle-ltd.tumblr.com/post/105155697961/how-insurance-works

When things go wrong it can be expensive and so, for many of these eventualities, insurance is there to take the financial risk on our behalf.

A business that provides insurance agrees to take on risks on behalf of a company or individual, in exchange for a fee. It does this by providing the business or individual concerned with an insurance contract, sometimes called a ‘policy’.

This policy will cover a person or business for many of the costs they have to meet as a result of a risk occurring and provides the policyholder with some security should the worst happen.

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