insurance.

Insurance is a way for businesses and people can reduce the financial impact which May occurring from a risk. For example if someone took out insurance and their equipment was stolen the insurance company would pay out a agreed amount of money for you to replace your equipment.   Its there for when things go wrong because fixing things or replacing things yourself can be very costly, with insurance its there to take the financial strain off our shoulders. Each policy is different  they are tailored to the policyholders personal choices.

why do we need insurance?

Insurance is a way for businesses and people can reduce the financial impact which May occurring from a risk. For example if someone took out insurance and their equipment was stolen the insurance company would pay out a agreed amount of money for you to replace your equipment.   Its there for when things go wrong because fixing things or replacing things yourself can be very costly, with insurance its there to take the financial strain off our shoulders. Each policy is different  they are tailored to the policyholders personal choices.