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Insurance

Business interruption insurance

As a business owner, you may have heard of the term "business interruption insurance". This type of coverage provides reimbursement for lost profits and fixed expenses during the time your business is closed for restoration due to physical damage from a covered peril, such as a fire. Additionally, this insurance may also cover financial losses if civil authorities restrict access to your business premises after a disaster, preventing customers from reaching you. Keep in mind, the coverage may have a waiting period and can last for several weeks or longer, depending on your policy.

Surrender or Cash Value

When a policy is terminated prematurely, the amount that the policyholder is entitled to receive is known as the surrender value. This value is paid out if the policyholder...

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Hacker insurance

In the world of finance, there exists a valuable resource for businesses involved in electronic commerce: cyber insurance. This coverage serves as a safeguard against potent...

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Lifetime maximum

Insurance plans often have a limit that applies to all benefits. This limit, also known as the maximum, can have the potential to be restored over time. This means that the ...

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Life Assured

It is the basic concept of life insurance. Life assured is a term that refers to the individual whose life is being insured through a life insurance policy. This fundamental...

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