Risk transfer mechanism, which ensures full or partial financial compensation for loss or damage caused by event (s) beyond control of the Insured. Under an insurance contract, a party (insurer) compensates the other party (insured) against a specified amount of losses incurred by specified events, provided the fees called premium are paid. In general insurance, compensation is usually the same as the proportion of the damage done, whereas in life insurance usually a certain amount is paid. Some types of insurance (such as product liability insurance) are an essential component of risk management, and are mandatory in many countries.

However, insurance only provides protection against tangible losses. It can not ensure the continuity of business, market share, or customer confidence, and after the disaster can not provide knowledge, skills or resources to resume operations.

Insurance adjectives
Definition of insurance: Being a score that connects to the leadership of a team, and makes the game impossible with its next score for the opposition team
An insurance run

Bob felt that his expensive new auto insurance policy was an excuse for taking a risk of unnecessary drives and accidents, but he was clearly leading the problem.

If they arise, it is better to have insurance against some major problems facing your business to avoid the total disaster.

When the tornado destroyed our house, the insurance we bought, enabled us to rebuild immediately, as well as provide temporary housing assistance to us.