The meaning of COMPANY is association with another : fellowship. How to use company in a sentence.
The meaning of COMPANY is association with another : fellowship. How to use company in a sentence.
What is insurance?/What is the meaning of insurance? Insurance’s meaning is simple as is depicted by the name, which happens to be a safeguard measure from any sort of financial loss. Insurance usually stands for the agreement between two parties: the Insurer (the company providing the insur...
The deductible is what you must satisfy before the insurance company will pay out on a claim. FromSalon Last month the company announced a further six sites would close – including in Northampton – and said it would pull out of a leisure centre in Colchester. ...
From Longman Dictionary of Contemporary English Related topics:Insurancein‧sur‧ance/ɪnˈʃʊərəns$-ˈʃʊr-/●●●S2W2noun1[uncountable]anarrangementwith a company in which you pay them money, especially regularly, and they pay thecostsif somethingbadhappens, forexampleif...
In some cases, the shareholders back the company up to a specific amount if things go wrong. We call this a‘private company limited by guarantee.’ Companies often procure insurance to further protect their directors and officers against potential litigation, ensuring that personal assets remain sh...
Written premiums concern the amount of premium that is charged for a policy. But specifically, it’s for a policy that has already come into effect. This is regardless of what portions have already been earned. A written premium is the main source of revenue for an insurance company. They ...
:an unincorporated company formed under applicable state statute whose members cannot be held liable for the acts, debts, or obligations of the company and that may elect to be taxed as a partnership —mutual company :an insurance company whose capital is owned by its policyholders ...
intended to protect the directors and officers of a company. Directors and officers can be sued by third parties, such as their suppliers and customers, orthey can be sued by their employees. D&O liability insurance protects the personal assets of directors and assets in the event they are ...
Reinsurance can be written by a specialist reinsurance company, such as Lloyd’s of London or Swiss Re, by another insurance company, or by an in-house reinsurance department. Some reinsurance can be handled internally, such as with automobile insurance, by diversifying the types of clients that...