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Insurance

Businessowners policy

As a professor of finance, I want to introduce you to a key term in the insurance industry: the Business Owners Policy (BOP). This type of policy combines three important coverages – property, liability, and business interruption – into one affordable package for small to medium sized businesses. By bundling these coverages, businesses can save money compared to purchasing separate insurance policies. Let's dive into the details of this important concept.

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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Total disability

Disability, whether caused by illness or injury, refers to a state in which an individual is unable to engage in any form of work that generates income. This can be a tempor...

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Salvage

When an insurer pays a claim, they may take over damaged property in order to minimize their loss. This is known as salvage. Insurers have salvage rights over property they ...

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Limited Pay Policy

In the world of finance, there exists a type of whole life insurance known as "limited pay life insurance". This unique policy allows the holder to pay higher premiums for a...

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