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Insurance

Profits insurance

Business interruption insurance, also known as loss of profits insurance, provides coverage for the loss of potential profits when goods have been manufactured but are destroyed before they can be sold. This type of insurance protects businesses from financial loss due to events such as fire, natural disasters, or other unexpected occurrences. It is an essential tool for businesses to ensure continuity and financial stability in the face of unforeseen circumstances.

Tortfeasor

In the world of finance, we often come across the term "tortfeasor", which refers to a person who has committed a tort. A tort is a wrongful act or omission that leads to har...

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Soft market

This environment is the opposite of a sellers? market where insurance is scarce In the world of finance, we often hear the terms "buyers' market" and "sellers' market." Thes...

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Occupational disease

A common term in the world of finance, occupational disease refers to any abnormal condition or illness that arises due to work-related factors. Often overlooked, this is a ...

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Retention

The concept of "retained risk" refers to the level of risk that an insurance company is willing to take on without seeking protection through reinsurance. In other words, it...

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