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Contingent business income insurance

When a business relies heavily on a supplier or customer, any potential losses that may occur can significantly impact the company's financial stability. This is where coverage for contingent business interruption comes into play. This type of insurance protects a business from losses that result from disruptions to their key supplier or customer. It is a crucial aspect of risk management for businesses, ensuring their financial well-being in the face of unforeseen circumstances.

Affirmative warranty

A vital aspect of the insurance industry is the agency agreement, which is a contract between an insurance company and an agent. This agreement empowers the agent to sell in...

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Contract construction bond

A key element in construction projects is the use of surety bonds, which serve as a guarantee that the parties involved will fulfill their obligations as outlined in the con...

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Speculative risk

As a seasoned professor of finance, I would like to discuss the concept of risk with you. In simple terms, risk refers to the possibility of experiencing either a gain or a ...

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After Tax Rupees

Discretionary income, as defined by the Income Tax Act, is the remaining income a policy holder has after taxes have been paid for a specific financial year. It is the amoun...

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