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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.

Accidental death benefit

A beneficiary can receive an additional benefit if the insured passes away due to an accident through an endorsement. This is a form of insurance that provides an extra laye...

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Severity

is the size of a loss. When assessing insurance premiums, one crucial factor to consider is the size of potential losses. This refers to the magnitude of financial damages t...

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Alternative markets

Self-insurance is a financial strategy that involves setting aside funds to cover potential losses instead of purchasing traditional insurance. There are various mechanisms ...

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Permanent disability

A debilitating condition that renders an individual incapable of continuing their employment for the remainder of their life. This can be caused by a variety of factors, suc...

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