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General Liability
General liability insurance is a kind of insurance that allows for risk transference. Individuals or companies that face the risk of an unforseen catastropic event, formed a group and created a self-help fund out of which to pay compensation should any member incur loss. relies on dedicated carriers to offer protection against specified perils in consideration of a premium. Liability insurance is designed to offer specific protection against third party claims.
Company
Insurance companies may be classified into two groups. Life insurance companies, which sell life insurance, annuities and pensions products. Non-life or general insurance companies, which sell other types of insurance. Life and non-life insurers are subject to different regulatory regimes and different tax and accounting rules. The main reason for the distinction between the two types of company is that life, annuity, and pension business is very long-term in nature
Insurance
Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.
