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insurance
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.04 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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Eventually, nursing home liability insurance became unavailable at any cost in Florida and Texas.
It has come to APTA's attention that a group calling itself the American Physical Therapist Organization (APTO) is marketing a professional liability insurance plan to the physical therapy community.
The New York State Builders Association Board is six to eight weeks away from writing their own liability insurance to fill the need for affordable coverage for contractors.
 
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