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Definition: Business Insurance is a set of policies designed to protect businesses from loss exposures, in return for paying a premium to an insurance company. It is a form of risk management to hedge against the risk of a contingent, uncertain loss. |
More on insurance: Business Interruption Insurance, Business Liability Insurance, Commercial Car Insurance, Commercial Insurance, Commercial Property Insurance, more on insurance... MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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