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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.

Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

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Variable annuity

An annuity is a financial product that can vary in value depending on the performance of the underlying investments. This means that the value of the annuity can go up or do...

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Respondeat superior

In the world of finance, there exists a legal principle known as "vicarious liability" that holds a principal accountable for the actions of their agent. This means that the...

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Expediting expenses

When an insurer agrees to cover the cost of expediting the repair of machinery, they are agreeing to cover any reasonable additional expenses. This can include costs for ove...

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