Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. 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 a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) 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. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship...

Business insurance protects your company against financial loss and liability. Learn what business insurance types are best for your industry and needs. 

Business insurance protects your company against financial loss and liability. Learn what business insurance types are best for your industry and needs. 

Premium may refer to: Marketing Premium (marketing), a promotional item that can be received for a small fee when redeeming proofs of purchase that come with or on retail products Premium segment, high-price brands or services in marketing, e.g.: Premium business model, offering high end products and services Premium domain Premium email, a marketing term used by for-profit email services Premium fare, a higher fare on a public transport service Premium gasoline, a grade of gasoline, with the highest octane rating Premium lager, marketing term for beer Premium Processing Service, service offered by the United States Citizenship and Immigration Services Premium Residency, a Saudi residence permit Premium station, a class of railway stations on Metlink in Melbourne Premium television, a class of subscription-based television service Premium texting, SMS used for delivering digital content Premium-rate telephone number, telephone numbers for which prices higher than normal are charged...

Premium may refer to: Marketing Premium (marketing), a promotional item that can be received for a small fee when redeeming proofs of purchase that come with or on retail products Premium segment, high-price brands or services in marketing, e.g.: Premium business model, offering high end products and services Premium domain Premium email, a marketing term used by for-profit email services Premium fare, a higher fare on a public transport service Premium gasoline, a grade of gasoline, with the highest octane rating Premium lager, marketing term for beer Premium Processing Service, service offered by the United States Citizenship and Immigration Services Premium Residency, a Saudi residence permit Premium station, a class of railway stations on Metlink in Melbourne Premium television, a class of subscription-based television service Premium texting, SMS used for delivering digital content Premium-rate telephone number, telephone numbers for which prices higher than normal are charged...

Business insurance protects your company against financial loss and liability. Learn what business insurance types are best for your industry and needs.