Define Insurance The insurance can be defined as “a process by which one party (the insurer) undertakes to provide, within the regulatory framework of a contract, a benefit in case of occurrence of a risk to another party (the Insured), subject to the payment of a premium or contribution. The insurer then realizes the pooling of risks by […]
What is an Insurance Contract?
What is an Insurance Contract? The contract of insurance is an agreement between an insurer and an insured that determines the rights and obligations of each insurer. The insurer undertakes to provide a defined benefit if the risk that it was intended to cover appears. For example, you would like to cover the financial risk […]
Business Interruption Insurance Explained
Business Interruption Insurance After the occurrence of a disaster, such as a fire or water damage, it generally affects the company’s business: A decline or absence of turnover will be noted. As a result, the entrepreneur may face difficulties in meeting these expenses: Supplier regulation, repayment of credits, salaries and social charges. The business interruption insurance allows […]
Professional Liability Insurance Explained
Professional Liability Insurance The company’s professional liability insurance allows the company to be covered against compensation for all damage caused to third parties during operation and during the company’s ancillary activities. Several types of guarantees are possible and recommended depending on the occupation and characteristics of the company. Professional liability insurance definition Any professional activity […]
Objectives of Company | Formal and Operational
Objectives of Company The purpose of this article is to clear a distinction between two different types of objectives of companies, on the one hand, the formal objectives (or performance targets) and other tangible goals. Objectives of Company (Formal) Often also called success targets, because these are aimed at the immediate success of the company’s activities. In addition, formal objectives are […]