What does Insurance Company mean? Read on to discover the definition & meaning of the term Insurance Company - to help you better understand the language used in insurance policies.
A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. The company calculates the risk of occurrence then determines the cost to replace (pay for) the loss to determine the premium amount.
We hope the you have a better understanding of the meaning of Insurance Company.