UnitEleven外贸英语函电.pptVIP

Chapter Eleven  Insurance Introduction Insurance is a risk transfer mechanism. The individual or the business enterprise can shift some uncertainty of risk to the insurance company whom the individual or the business enterprise pays premium to. Insurance is provided to cover almost any kind of happenings that may result in loss. Its purpose is to provide compensation for those who suffer from loss or damage. A contract of insurance is one between a party who agrees to accept the risk (the insurer or the assurer, known as the insurance co