The essence of liability insurance is the protection of the insured person from paying the losses made to the third parties. Liability insurance is very popular in the USA. Legislation concerning liability is deeply studied by American lawyers. Insurance professionals developed a so-called “doctrine of negligence” that allowed to define the terms used in the […]
Nowadays the opportunities provided by the Internet are widely used by the participants of financial services market. A number of services financial institutions provide through the web is constantly growing. Insurance companies also try to stay in touch with the latest achievements of the technological progress offering a service of online insurance. Online insurance is […]
Business Risks Definition A guiding principle of any enterprise in a market economy is the desire to obtain a greatest possible profit. However, such desire is limited by the possibility of incurring losses. In other words, the concept of business risk appears when it comes to the market success of the company. Identifying business risks […]
Global Risks 2019 That May Affect You Even If You’re Operating Nationally A main objective economic trend in the XXI century is the development of globalization in the world. This phenomenon is a characteristic feature of the entire world business system. Globalized economy reinforces old business risks and generates completely new ones. Individual national economies […]
The business model of insurance companies is based on getting an economic benefit from a broken insured transport. Insurance companies selling cars represent a relatively young business. It usually deals with private companies.