Business Studies, asked by mahekpatel346, 5 months ago

Explain the principles of Identify and mitigation​

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Answered by nikkithanikki02
0

The principle of indemnity asserts that on the happening of a loss the insured shall be put back into the same financial position as he used to occupy immediately before the loss. In other words, the insured shall get neither more nor less than the actual amount of loss sustained.

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