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Insurance

Directors and officers liability insurance (D&O)

Directors and officers of a company can be held liable for their negligent actions or failures to act, as well as for any false or misleading statements made that lead to legal action against the company. This type of insurance coverage is essential in protecting companies and their leaders from the financial repercussions of such lawsuits, which are commonly brought by shareholders. It is important for those in the finance industry to understand the significance of this type of insurance and its role in mitigating potential risks for businesses.

Robbery

The acquisition of property through force, the threat of force, or violence is known as theft. This illegal act involves taking possession of another person's property witho...

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Multiple peril policy

A package policy, commonly known as a homeowners or business insurance policy, offers protection against various perils. This type of policy combines both property and liabi...

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Elimination period

The waiting period, also known as the elimination period, is a crucial concept in health insurance policies that provide coverage for disability income loss. It refers to th...

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Catastrophe

In the realm of finance, there exists a term known as "catastrophe". This term is commonly used for statistical purposes to denote a single event or a string of closely linke...

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