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Insurance

Contingent liability

The concept of vicarious liability refers to the legal responsibility of individuals, corporations, or partnerships for accidents caused by individuals who are not their employees. This means that the corporations or partnerships can be held accountable for the actions or omissions of individuals who are under their control. It is important for businesses to understand this concept as it can have significant financial implications. Let's dive deeper into the details of vicarious liability and its impact on the world of finance.

Identity theft insurance

Identity theft coverage is essential in protecting yourself from financial loss due to fraudulent activity. This coverage not only includes expenses for notarizing fraud aff...

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Theft

Stealing is a severe offense that refers to the illegal taking of someone else's property without their permission. It is considered a form of theft and can include a wide r...

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Rental income

Rental income is generated when individuals pay to occupy property owned by the insured. This income is an important factor in the world of finance, as it can provide a stea...

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State-mandated benefits

In the world of finance, it is crucial to understand the concept of employee benefits, which are mandated by the state to be provided by employers. These benefits, such as h...

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