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Insurance

Contingent liability

The concept of vicarious liability refers to the legal responsibility of individuals, corporations, or partnerships for accidents caused by individuals who are not their employees. This means that the corporations or partnerships can be held accountable for the actions or omissions of individuals who are under their control. It is important for businesses to understand this concept as it can have significant financial implications. Let's dive deeper into the details of vicarious liability and its impact on the world of finance.

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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Principal

In the realm of finance, we often come across the term 'principal.' Now, the principal is not just the head of a school, but it also refers to the obligor or the individual ...

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Catastrophe model

In the world of finance, there exists a powerful tool that utilizes technology to predict the potential financial impact of natural disasters and other catastrophic events ...

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Intestate

A will is a legal document that outlines a person's final wishes regarding their assets and property. It is crucial for individuals to have a valid will in place to ensure t...

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