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Insurance

Profits insurance

Business interruption insurance, also known as loss of profits insurance, provides coverage for the loss of potential profits when goods have been manufactured but are destroyed before they can be sold. This type of insurance protects businesses from financial loss due to events such as fire, natural disasters, or other unexpected occurrences. It is an essential tool for businesses to ensure continuity and financial stability in the face of unforeseen circumstances.

Asymmetric information

One important concept in the world of finance is an insured's knowledge of potential losses, which is not accessible to insurance companies. This understanding plays a cruci...

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Third-party administrator

An employer often appoints an administrator to oversee various tasks related to employee benefits such as managing claims. Alternatively, an external group may be hired by a...

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Personal coverages

Income protection insurance is a type of insurance that safeguards against potential interruptions in an individual's income caused by unexpected events. It provides financi...

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Credit life insurance

A vital element in any financial plan is life insurance, specifically coverage for borrowers. This safeguards against the unfortunate scenario of a borrower's death before t...

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