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insurance
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.46 sec.

insurance

Contract guaranteeing compensation to the payer of periodic premiums against loss (under stipulated conditions) by fire, death, accident, and the like. Various consumer policies also insure legal or health services, paying bills or portions thereof, within the contracted conditions. Insurance is a major component of business activity, covering potential loss of property, inventory, or goods in transit.

During the Gulf War between Iran and Iraq 1987-88, it was the refusal of insurance companies to cover losses sustained by acts of war that dissuaded oil tankers from passing through the zone of hostilities.



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? Mentioned in ? References in periodicals archive
 
health insurance premiums rising at twice the rate of inflation has renewed calls on Capitol Hill for legislation to create national association health plans.
In many solely owned businesses, business owners will purchase health insurance in their own name versus the business' name.
I think it should be dependent on the market but the government should do something more about offering people good health insurance and companies should support that effort.
 
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