financial policies Wait.. Oooo

Insurance is a contract introduced by a policy, in which a person or organization receives financial protection or indemnity from the insurance company against loss. The company controls customer risks to make payments more affordable for insurers.
What is insurance mean? Insurance policies are used against the risk of financial loss, both large and small, which can result in the insurer or its property being damaged or the third party liable for loss or injury.
How Insurance Works? There are different types of insurance policies available and virtually any person or business can look for an insurance company - for a price. Most people in the United States have at least one type of insurance and by law, car insurance is required.
Businesses need a special type of insurance policy that insures against certain types of risk facing a particular business. 
Premium The premium is the price of the policy, usually expressed as a monthly expense. The premium is determined by the insurer based on your or your business risk profile, which may include goodwill.
For example, if you have a very expensive automobile and have a history of impeccable driving, you could probably pay more for an auto policy with a single mid-range sedan and a perfect driving record. However, different insurers may charge different premiums for the same policy. So you need some legwork to find the right price for you ... 

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