Concept information
Preferred term
insurance
Definition
- Insurance for businesses operates on the same fundamental principles as insurance in general. The insurance business depends on risk management to identify the risks of the situations that will result in claims and to determine the premium and the limits to coverage accordingly. [Source: Encyclopedia of New Venture Management; Insurance]
Broader concept
Narrower concepts
- accident insurance
- aviation insurance
- cost sharing
- disability insurance
- employer liability
- fire insurance
- health insurance
- insurance benefits
- insurance carriers
- insurance claim reporting
- insurance claim review
- insurance coverage
- insurance pools
- insurance selection bias
- liability insurance
- life assurance
- life insurance
- marine insurance
- motor insurance
- National Insurance
- property insurance
- social security
- transport insurance
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/insurance
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