The purpose of insurance is to:

Mathematics

1 answer:

FrozenT [24]2 years ago

7 0

Step-by-step explanation:

Insurance is a contract in which an insurer promises to pay the insured party a sum of money if one or more specified events occur in the future, in return for regular small payments - known as premiums. The purpose of insurance is to reduce your business' exposure to the effects of particular risks.

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Formula: