An insurance policy covers risks that may or may not materialize. Insurance policy terms may not apply to the situation even if a particular risk occurs.
Insurance policies serve to protect businesses from material damages and threats. However, only the “right” policy will allow a business to manage its risks.
It is essential to have insurance against potential risks, such as natural disasters, accidents, and cybercrimes.
Potential risks and appropriate policy types vary among industries.
Each day, we encounter new environmental, social and managerial risks.
Insurance services can lead to disputes; consequently, damage assessment and loss calculation are crucial to ensure that the process runs smoothly for the insured.