10 Questions
What is insurance?
Insurance is a contract in which an individual or entity pays an insurance company in exchange for financial protection or reimbursement of losses resulting from a covered event.
Why is insurance important?
Insurance is important because it provides protection and financial reimbursement for unexpected losses or damages.
What is a policy in insurance?
A policy is a contract in which an individual or entity pays a premium in return for financial protection and reimbursement of damages from an insurance company.
Why do individuals and entities pay premiums to insurance companies?
Individuals and entities pay premiums to insurance companies in order to obtain financial protection and reimbursement for potential damages or losses.
What is the purpose of insurance?
The purpose of insurance is to provide individuals and entities with financial protection and reimbursement for unexpected losses or damages.
______ is full of surprises
Life
There is no ______ or certainties in life
guarantees
Assurance is not there that a business will not suffer an unexpected ______ or damages
loss
No matter how ______ it is
established
Even with an individual’s daily life, no matter how ______ we are
careful
Test your knowledge on managing uncertainties in life and business with this quiz. Explore strategies to handle unexpected losses and damages, and learn how to navigate through uncertainties with confidence.
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