Thinking about career don’t choose the following ones. That people never characterize their jobs as safe:
1. Timber cutters
2. Airplane pilots
3. Construction laborers
4. Truck drivers
5. Farm occupations
6. Groundskeepers
7. Laborers
8. Police and detectives
9. Carpenters
But if you’ve chosen such carrier – the right thing for you will be to think about life insurance…
Black humor…
Caution is the parent of safety
an English proverb
Companies and individuals protect themselves against loss, damage, or injury by taking out insurance policies, which are contracts against possible future risks. The usual process of insuring a business or oneself is as follows:
A proposal form is completed by the firm or a person who wants insurance cover. This tells the insurance company what is to be insured, how much the policy is worth, how long it is to run, and under what conditions insurance is to be effected, as the policy may not automatically cover the insured against all risks.
Underwriters, who will pay compensation in the case of a claim, then work out the premium, i.e. the price of insurance. If the insurers are satisfied with the information given on the proposal form, they will issue a cover note. This is not the policy itself, but an agreement that the goods are covered until the policy is ready. Once the policy is sent it will tell the client that he is indemnified against loss, damage, or injury under the conditions of the policy.
Indemnification means that the insurance company will compensate the client to restore him to his original position before the loss or damage. Therefore, if you insured your car for $4,000 and three months later it was damaged, you would not receive $4,000 for the car, but its market price, which might have depreciated by 20% to $3,200. The insurance company will also have the right of subrogation, which means they can now claim the wrecked vehicle and sell it for any price they can get.
Companies and individuals make claims for loss, damage, or accident, by filling in a claims form, which tells the insurance company what has happened. If the insurers accept the claim, often after an investigation, they will then pay compensation.
POINTS TO REMEMBER
1. Insurance is designed to cover a business or individual against risks such as loss, damage, or injury. Numerous types of policies are available to offer cover against eventualities, but the client has to decide which hazards apply to him.
2. Assurance is concerned with offering benefit payment either to dependants, in the case of death or incapacity, or in the case of endowment schemes, a lump sum of pension after a number of years’ contributions.
3. Indemnification is the cover which allows compensation In the event of loss or damage, and is calculated on the market value or depreciation value of goods, not their original value. To be insured, a client completes a Proposal Form; the premium is then assessed and quoted, in the UK, in pence per cent. On acceptance, the client is issued with a cover note which gives him cover until the policy is ready. As insurance is based on the principle of good faith, and supported by laws against fraud, insurance companies accept that the items being insured belong to the client, are not being insured more than once, are of the value stated, and that the client will follow the conditions of the policy.
4. Marine insurance offers shippers a variety of policies to cover shipments. However, most exporters ship under an all-risk, valued policy which covers them against most eventualities and allows them compensation for loss or damage, plus ten per cent.
5. Open cover and floating policies are used when the exporter makes regular shipments. These give him a total amount of cover which decreases as each shipment’s value is declared, but can be renewed.
Insurance may be considered a game of risk in which individuals and businesses protect themselves, their families, and their property from possible losses resulting from unpredictable events such as storms, fires, accidents, and illnesses. The first rule of the game, devised centuries ago, is «share the risk». To play by this rule, many people take a small loss in place of one person’s taking a large one.
It is a simple idea: An individual pays a small amount of money called a premium to an agent who acts on behalf of an insurance company, or underwriter, which holds the individual’s premium and the premiums paid by thousands of others. The individual receives an insurance policy, a promise that if there is a loss to the individual as defined in the policy the insurance company will pay for it. The funds will come from the individual’s premium, the premiums paid by others who did not have losses, and money from the company’s investment of all the premiums. An individual who does not have a loss loses the premium money but purchases what insurance underwriters call «peace of mind». It is a gamble for both the customer and the underwriter, but it is built on the first rule of risk: those losses are small when shared by many.
“Blogging is the new model of interactive journalism,
COMMUNICATION and learning.”
from ABBYY Lingvo 11
Hi there!
Your favourite weblog -http://insurance.viaden.com/- found new author!!! Is it a good piece of news??? We will see… It was a really good and interesting blog and I will try not to spoil it. So, this weblog will be devoted to insurance, as before. It will be a kind of Live Journal where I will express my own opinion and comment on different events in the field of insurance.There is a good English saying: «Wise after the event». It means that it’s easy to give many pieces of advice after something happens. But it’s rather difficult to predict everything in order not to get involved in an unpleasant incident. And that is why you can be ensured against different risks with the help of insurance. And I will tell you about it… But, first of all, I would like to tell some words about myself. My name is Alexandra. I’m a third-year student of Belarusian State Economic University and study international economic relations. But I don’t content myself with my studies. I go mad on cinema and music, like to spend my time with friends and in Global Network. I am the author of the blog, devoted to global economy (http://globaleconomy.viaden.com/). Also I take a great interest in anime (Japanese animation) and Japanese culture (I am even trying to learn the Japanese language). I also collect English proverbs and sayings and use it anywhere, even out of place 
I’m from Belarus. This is a country of blue rivers and green forests in the heart of Europe. I live in the capital of Belarus, in Minsk. My country and its culture are not well-known; many from distant lands mistakenly consider it as a part of Russia. But in some countries Belarus is known for its economy. For example, Australians and Cubans associate our country with tractors. >:-)
<:3 )~~
It would be interesting to know what do the people, who will read this post, know about Belarus and it’s economy? What goods from this country do they use?