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entity go
that which is perceived or known or inferred to have its own distinct existence (living or nonliving)
that which is perceived or known or inferred to have its own distinct existence (living or nonliving)
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abstraction, abstract entity go
a general concept formed by extracting common features from specific examples
a general concept formed by extracting common features from specific examples
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insurance
promise of reimbursement in the case of loss
promise of reimbursement in the case of loss
noun.possession
14 Subcategories
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assurance go
a British term for some kinds of insurance
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automobile insurance, car insurance go
insurance against loss due to theft or traffic accidents
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business interruption insurance go
insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril
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coinsurance go
insurance issued jointly by two or more underwriters
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fire insurance go
insurance against loss due to fire
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group insurance go
insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group
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hazard insurance go
insurance that provides protection against certain risks such as storms or fires
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health insurance go
insurance against loss due to ill health
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liability insurance go
insurance that provides protection from claims arising from injuries or damage to other people or property
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life insurance, life assurance go
insurance paid to named beneficiaries when the insured person dies
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malpractice insurance go
insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice
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reinsurance go
sharing the risk by insurance companies
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self-insurance go
insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
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term insurance go
low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value