What is Insurance

There are many definitions of insurance is available on internet but in simple words insurance is one of the best way to cover your risks those risks may be of your life, your health, your business, your car, your pet or many more.

For Example : 
Every business owner faces risks. A typical risk is that a business becomes unprofitable and must close. Other risks include the danger of a visitor or customer becoming injured on your property, an employee getting hurt on the job or crops failing because of adverse weather. Insurance is a tool that helps farmers reduce their exposure to risk. The purpose of insurance is to reduce the impact that an adverse event will have on your bottom line. Therefore, in order to offer the best possible coverage, it is important for you, the producer and business owner, to talk with your insurance agent and review how you might be exposed to a high-risk situation.

How it works :

So when you buy an insurance of any risks at that time you will pay some amount of money to the insurance company so that means that your risk will be covered for specific period of time by that company. If in between that period that risk occurred and causes loss to you then that will be provided by that company. So from the day you take the insurance up to its insurance duration you will be relaxed about that risks.

So by spending some amount of money you can make yourself secure from bigger loss. That is the reason various insurance is taken by each person in today's world. Because no one knows what will happen tomorrow and in order to ensure your brighter future you need to take an insurance services.