Insurances

Insurances
From Wikipedia

Insurances, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurances is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurances; an insured is the person or entity buying the insurances. The insurances rate is a factor used to determine the amount to be charged for a certain amount of insurances coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.