The public which is the people of a country in every area or community is at risk from the activities of others within the same area. These could be negligent or fault from other activities that could cause harm, injury to others, or even death. Liability insurance is a system of risk financing to protect […]
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INTRODUCTION Insurance is a pool of similar or same risks. The basic concept of insurance is that the losses of few are met by the contributions of many who are exposed to same or similar potential risk. It is then fair to charge the people who are bringing these risks to the pool same premium. […]
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