Liability Insurance
- Public Liability Insurance
Third party physical Insurance caused by the insured business caused due to an accident and / or insurance plans to protect your legal responsibility to pay compensation for damage due to any such third party property.
Output accountability insurance
Kairaīmaenakaenaekauṭa would you use your physical production of the products due to injuries and help you to bear legal responsibility for all compensation to the insurance plan.
Professional insurance compensations
Technical issues advice for a fee in the highest possible level of quality that offers professional care and accuracy have been required by the Court's decision continues.
This special type of insurance plan designed to provide coverage for professional legal responsibility caused by the financial loss caused to the insured through a third party to suffer due to give professional advice.
Workers compensation insurance
Workers' compensation insurance through the employer of the Act and common law liability under workers compensation insurance provides coverage for the legal responsibility of employers to protect the rights contained in the by employees.
Workers compensation insurance is applicable to all employees regardless of their level of earnings. All non-essential employees covered under workers compensation insurance but is required to pay the compensation claim is valid under this Act.
What is insurance ?
Trade in the context of commercial and support services into two main parts. The Finance and Support Services is considered the banking, transportation, communication, storage among the other major subsidiary of the insurance haækaiya.rakaṣaṇaya not be specific about what is the definition of a variety of different people to call this insurance. Several such definitions can be as follows.
Manjula SUDATH Amarasena
Senior Lecturer
Studies and Management
Faculty of Commerce
University of Sri Jayewardenepura
Trade in the context of commercial and support services into two main parts. The Finance and Support Services is considered the banking, transportation, communication, storage among the other major subsidiary of the insurance haækaiya.rakaṣaṇaya not be specific about what is the definition of a variety of different people to call this insurance. Several such definitions can be as follows.
Insurance is one of the victims to the same group of persons contributing to the risk of the general fund of the few who face the real risk of the action is good and secured to .Would losses through compensation.
Or,
Money fund common orchard contributes to a crowd of people who will be one of the two face similar risks as specific risk can be described as a good insurance karaiyaāmaāragayaka established to pay compensation.
Or,
Insurance is a little pros sickly vaæḍaidaenakaugae can be described as an exchange with prosperity. This is very sad as a few substantial burden imposed on the vast majority that had to be translated into the lighter weight load.
Or,
If there is damage to the insured and the insurer and the insured for the damage caused by an agreement to pay adequate compensation to load.
All of the above is a matter of clear definitions and through insurance, "but shielded solution," said. Insurance is something that is not in itself stop the risk. Although insurance is something that may be damaged.
For example - the car is subjected to accident insurance. The Gini buildings insurance.
Accident insurance if not halted, but the insurance will pay compensation to the victim's something. Through will be able to narrow losses.
The world's insurance business 'risk collectively hold "or" Risk Start' has built on the theory. Collectively or risk bearing the risk together mean as it can be easily set out to endure the risk distribution between the individual or a corporate group that is able to endure losses such risks through risk individually. This is known as attenuation of risk. Every insurance dangers can not be possible, but we know that the matter could easily be used to meet insurance risks. The insurance can be risky, what, insurance can be important to know the risks of what.
Insurance can be risky
If measured in cash risk related to certain objects are entitled to the insurer on the subject, the risk of accidental incidents on the incident if the illegal nature or hazards of insurance objects subject category risk characteristics similar and if not the act of deliberately insured will.
For example -
- life insurance
- Personal accident
- The disease
- Car Accident
- Fire hazard losses
- Burglary Risk
- Flood Risk
- Terrorist acts
- Online Money
- Loss of sea hazards
- Workers Compensation
- Agricultural Insurance
- Export Credit Insurance
- Natural Disasters
- Air accidents
- Insurance can not risk
Although many risk insurance can not be regarded as a risk, some risk insurance. With examples of what such risks are categorized as follows.
Risks resulting from hazards inherent.
That kind of unavoidable risks can not be insured.
Examples - machinery depreciation, oil wells run dry, aging.
The risk depends on the individual capabilities of the stuff.
For example - the failure of the examination.
Wrong management decisions possible future losses.
For example - corporate losses, employees of several decisions skilled workers migration agency.
Posited without Collectibles.
Risk that money can not be measured.
For example - someone in danger of losing their loved ones, some wills.
A small loss.
Pin loss.
Fashion, design, technology use changes caused by losses.
Example - Change clothes paælaæn̆daumavala fashion.
This is a financial risk if the objects can not be measured with regard to verification, if not randomly stop if and when the risk relationship consists of risk can not be insured.
Criteria must be met to accept insurance risk as possible
The financial loss can be measured by the risk, or should be able to predict the risk of loss through.
To be able to identify the amount of loss, such as when a motor vehicle accident.
Risk can be verified.
That is why the impact on the loss, the risk of the installation, and the amount of time that should be analyzed.
The risk of random events.
Specific risks that must not happen by accident or loss.
For example - cars and personal accident.
Relationship to the risk-free.
That is likely to be recognizable as an independent insurance loss alaābhavalaina reserved.
