In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a large, possibly devastating loss. The insured receives a contract called the insurance policy which details the conditions and circumstances under which the insured will be compensated.
Professional Indemnity Insurance Property Insurance Public Liability Motor Fleet Engineering Inspection
We recognise that every business regardless of it's size has unique insurance needs. This is why we tailor our products to suit your business.
Our specialist team understand the risks involved within all aspects of commercial business, and will be able to provide you with personalised advice to help you understand the risks you face within your organisation.
We offer a wide range of insurance products which can help protect your business including;
Directors & Officers
As well as more diverse covers such as;
Warranty & Indemnity Insurance
Call us on:
0845 409 1283
0845 409 1284
Inspire Insurance Services Ltd
Middlemarch Business Park
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