Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or policyholder.
Qualities Of A Good Insurance Company
- Must be known to the public; No matter the name a company has made. Its better recognized in its industry. When you take about shoes, you remember Nike and timberland. When you talk about cars, you look for ford or Toyota. The same applies to the insurance industries. Any company known to the public when people are asking is still a reputable company.
- Must have a track record; While I am not an insider in most of these companies, I have been fortunate to attend large organizations with thousands of employees where these insurance firms do business. You can always get subtle data as regarding the performance and record of insurance companies and with this sort out the best.
- Must have testimonials; this is known as testimonials from satisfied customers. This testimonial gives anyone who is interested about the firm a knowledge of what to expect. If any business is going to succeed in the long run, then testimonials from satisfied customers are a must.