Small Business Glossary - Definition of the term Insurance

Definition of Insurance

Definition:

A contract binding a party to provide compensation for a specified damage, loss, or injury suffered in return for premium (a sum of money) paid.

Related Terms:

Risk
Crisis Management
Disaster Planning

Related Information:

Risk Management Strategies for Small Business
Insurance Information and Resources

Related Books:

Insurance for Dummies
Retirement Bible
More Books about Financially Managing a Small Business

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