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Insurance

Internet liability insurance

In today's digital age, businesses face numerous liabilities when conducting operations online. These include copyright infringement, defamation, and violation of privacy. To protect against these risks, there are specific insurance policies designed for businesses, known as internet liability coverage. It provides financial protection in case of any legal claims arising from online activities. As a knowledgeable professor in finance, it is important to understand the significance of this coverage for businesses operating in the digital world.

Fixed-period option

A death benefit is a payment made in regular, equal instalments over a predetermined period of time. This payment is typically given to the designated beneficiaries of a dec...

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Adjuster

A key player in the insurance industry is the adjuster, who works for a property/casualty insurer. Their main responsibility is to assess damages and determine appropriate c...

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Conditional contract

A fundamental concept in finance is the idea of a contract, where one party agrees to perform certain actions in exchange for another party's compensation. This is particula...

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Surety

A bond involves two parties - the obligee and the obligor. The obligor is the party who agrees to repay the obligee. This is a crucial aspect of bond agreements, as it ensur...

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