Insurance is a means of protection against financial loss where, in exchange for a fee, one party agrees to guarantee the compensation of another party in the event of specified loss or injury. It is only a form of risk management, insurance is primarily a liability used to hedge against the risk of a contingent or uncertain loss.
In many jurisdictions, employers are required by law to provide workers’ compensation insurance coverage to their employees. This coverage is typically mandatory and must be in place in order to comply with legal requirements. Providing workers’ compensation insurance coverage helps ensure that employees who are injured on the job receive the medical care and financial …
GEICO (Government Employees Insurance Company) is a popular American auto insurance company known for offering affordable car insurance rates to its customers. Founded in 1936, GEICO has since expanded to offer other types of insu rance such as homeowners, renters, and life insurance. They offer coverage in all 50 states and the District of Columbia. …
Motorcycle insurance is a type of insurance policy similar to car insurance that provides coverage for motorcycles, scooters and other two-wheeled vehicles. The purpose of motorcycle insurance is to protect the rider, passengers, and others in the event of an accident or other covered event. Most motorcycle insurance policies provide liability coverage, which covers the …
What is the insurance institute for highway safety? IIHS was founded in 1959 by three major insurance associations that represent 80 percent of the U.S. auto insurance market. At first, the institute aimed to support highway safety efforts by others. A decade later, IIHS was re-invented as an independent research organization. William Haddon Jr., MD, …