What is Insurance? Insurance is all around us. The world would be a totally different place if we didn’t have insurance to hedge against the risk of contingent losses. Insurance is the equitable transfer of risk of loss from one person (you) to another (the insurance company). You pay the insurance company a fee because the insurance company is ultimately taking the risk. This fee is...
When you add up your car insurance, business insurance, and home and contents insurance policies, it will soon become clear how much you actually pay each year for insurance cover. When people buy insurance, they generally search for the cheapest insurance companies to provide cover. Deciding to go with the cheapest insurance company can have serious implications because the policy m...