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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.

Indirect loss

A professor of finance understands that in the world of risk management, there are various types of losses that can occur. One such loss is known as an indirect loss, which ...

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Single Premium Policy

Life insurance is a financial product that offers coverage for a specific period or for your entire life, depending on the terms of the contract. It involves a one-time lump...

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Joint and several liability

In the realm of law and finance, there exists a principle known as joint and several liability. This doctrine grants the plaintiff the ability to seek full compensation from...

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Internet insurer

An online-only insurer is a company that operates solely through the Internet, without the use of traditional brick-and-mortar stores or agents. This business model allows f...

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