Business & Personal Insurance Options

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Insurance Europe

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Canine Insurance

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State Farm Insurance

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Many insurance executives are against patenting insurance products because it creates a new threat for them. Insurance is just a danger switch mechanism wherein the monetary burden which can arise due to some fortuitous event is transferred to a much bigger entity called an Insurance Company by means of paying premiums. This solely reduces the monetary burden and not the actual possibilities of happening of an occasion. Insurance is a danger for both the insurance firm and the insured. The insurance firm understands the risk concerned and will carry out a threat assessment when writing the policy.

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