How does insurance mitigate risk?
While insurance cannot obviate the happening of the event and thereby avoid any economic loss to the entity, it mitigates the loss by providing economic indemnification of the losses incurred by the entities, provided the risk is a covered risk and not an excluded one.
While insurance cannot obviate the happening of the event and thereby avoid any economic loss to the entity, it mitigates the loss by providing economic indemnification of the losses incurred by the entities, provided the risk is a covered risk and not an excluded one.
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