Question

define insurance in commerce
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Answer 1

ᴀɴꜱᴡᴇʀ

1. Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
2. 7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance

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Answer 2

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• >> ɪɴꜱᴜʀᴀɴᴄᴇ ɪꜱ ᴀ ᴄᴏɴᴛʀᴀᴄᴛ ,ʀᴇᴘʀᴇꜱɴᴛᴇᴅ ʙʏ ᴀ ᴘᴏʟɪᴄʏ ɪɴ ᴡʜɪᴄʜ ᴀɴ ɪɴᴅɪᴠɪꜱᴜᴀʟ ᴏʀ ᴇɴᴛɪᴛʏ ʀᴇᴄɪᴇᴠᴇꜱ ꜰɪɴᴀɴᴄɪᴀʟ ᴘʀᴏᴛᴇᴄᴛɪᴏɴ ᴏʀ ʀᴇɪᴍʙᴜʀꜱᴇᴍᴇɴᴛ ᴀɢᴀɪɴꜱᴛ ʟᴏꜱᴇꜱ ꜰʀᴏᴍ ᴀɴ ɪɴꜱᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ