Category : Finance

Risks are classified in various ways. One classification is based on the extent of the damage likely to be caused. Critical or Catastrophic risks are...

Assets are insured, because they are likely to be destroyed or made non-functional before the expected lifetime, through accidental occurrences. Such possible occurrences are called...

The business of insurance is related to the protection of the economic values of assets. Every asset has a value. The asset would have been...