what is the legal and financial nature of insurance?
97893
Depends on what kind of insurance you're talking about.  For instance:\n\n1)  The basis behind property or "homeowner" insurance is \n    to cover and protect you from those catastrophic losses\n    that you could not otherwise incur yourself.\n\n2)  Life insurance could prove to be a financial asset in \n    the providing of income for your surviving heirs and \n    loved ones upon your death.   \n\n3)  Disability insurance would provide income for you and \n    your family in the event of a major injury to you, the \n    injury preventing you from continuing to work for an\n    unknown period of time. \n\nHomeowner and Life insurance claim payouts are non-taxable,\nhowever, homeowner policies are issued with some type of policy deductible and disability policies have some type of waiting period and both must be met by the policyholder. \n\nLegally, insurance companies have the option to cancel or non-renew homeowner policies if they see that too many claims have been filed in a given policy term, or if there looks like there is any type of negligence, fraud or misrepresentation on the part of the policyholder. The cancellation or non-renewal of a policy could jeopardize the policyholder's chances of easily obtaining replacement insurance from another insurance carrier due to the negative nature of cancellation.
535743
By getting a very large liability insurance policy because you are going to need it. Next best choice, talk with a good lawyer on how to insulate your company from liability claims.
365706
Finance is the management of money and other assets.
842589
You may only take an insurance policy on someone you have an "insurable interset" in. You cannot take out a policy on a random person. This is to prevent a simple money laundering scheme.  In order for someone to have taken an insurance policy out on you they would have to have som type of financial loss caused by your death. The most common loss is by a family member or an employer of a critical employee such as the CEO.
661184
Every aspect is -- and too much for me to research for you.  Do a seach for basic business or employment law.\n\nContract law covers the deal between employer and employee. Labor law covers the deal between employee and employer in addition if collective bargaining is involved.   Health and safety laws cover the work conditions, and minimium wage and other laws set basic compensation levels.  There are specific laws in many states limiting the effect of certain clauses in an employment contract, such as arbitration clauses or non-compete clauses.  The employment of officers and directors are covered by securities laws if a public corporation is involved.  Civil rights laws, both state and federal, cover issues of discrimination against employees or among employees on the basis of race, sex, age and cover issues of sexual harassment.  And so on and so on.
309394
Well you should definelty have GL and probably Cargo... i know the insurance we write has a $7,500 ded. for pharmaceuticals.  Also you might as well just go for the whole package policy meaning you get coverage for GL, Crime, Cargo, and property.
363533
I think that this will be a helpful page for you:\nhttp://ca.dir.yahoo.com/Business_and_Economy/Business_to_Business/Financial_Services/Insurance/Commercial/Professional_Liability/Medical_Malpractice/
205814
The main benefit of insurance is to reimburse someone for their loss.  As far as major types, I am not sure what you mean.  There is homeowners insurance, liability insurance, auto insurance, life insurance, etc, etc.  If you are asking about life insurance and all of the different types, I would advise you to speak to a financial advisor that has experience in that area.  I would also make sure that he or she works with many different insurance companies.  Depending on your circumstances and health, you will need to see quotes from a couple of different insurers and it makes it much easier if you deal with one person who can quarterback that for you.\n\nGood luck!!
393187
Term insurance is strictly insurance.  If you are looking to cover certain liabilities that will be paid off in a set number of years, then term life insurance is usually the answer.  If you are looking for permanent coverage, then whole or universal life insurance is usually the answer. This answer may sound fuzzy, but in order to give professional suggestions the best thing is to meet with an advisor that can go over your current financial situation to determine exactly how much coverage you need and what type is best.  Here is directory of local advisors: http://www.insuremylife.org\nAlso here is more info on how Permanent life insurance works: http://www.findlocalinsurance.com/permlife.html
236191
What kind of insurance are you looking for?
94418
Insurance companies have underwriting income and investment income.  \n\nUnderwriting Income - They charge more in premiums than they pay out in claims and expenses.\n\nInvestment Income - Insurers invest unearned premiums and claim reserves to generate investment income.
553335
Your question is confusing. You only mention liability. Please be more specific.
438405
No. Maybe some other programs based on income but not insurance. Insurance Companies are profit making Companies as most all others. This is a capitalistic country.
244591
An annuity is basically an investment with an insurance policy attached.  You end up with lower returns than with a regular investment, but if you die (or live really long, or whatever you're being insured for), you're covered.\n\nIf you buy one, make sure you are buying it for the right reason:  You want insurance.
642811
Specialty insurance is things that aren't normally considered to be insuranble.  For example when J.Lo insured her ass against any damage, that's specialty insurance.  But on a serious note, environment insurance for companies is usually not offered by companies like AllState so you go to a specialty insurance company which will evaluate the risks and give you a quote.  It allows people to insure just about anything for a price tag of course.  So to answer your question, there is an Environmental, Fidelity and Crime (that one is quiet funny actually) and bunch of others.  Look, at the link and you will see what this one company offers on the left side.\n\nRival
630094
Hi,\nThere is an ideology difference between we normal people and insurance agents.  We are in constant fear that something untoward might happen and so we buy protection.  An insurance company believes that nothing untoward will happen, or even if something happens, it cannot happen to everyone at the same time.  Therefore it distributes the financial effect of a mishap to all people.  There is only one key to figure out whether you need insurance and how much you need:  In an event of death/total destruction of property, can you/your family withstand the loss.  On a scale of 1-10, (1=cannot withstand even loss of a dollar, 10= can withstand the total loss), rate yourself on your risk-withstanding ability.  The closer you are to the lower number, the greater you need insurance.
1015341
You can't possibly find that out unless you come across the paperwork for the policies or payments made to an insurance company. Good luck.