It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss | There's no bonus for loyalty when it comes to energy- it really does pay to shop around and switch to the cheapest deal |
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Insurance Insurance is a means of protection from financial loss | If you've felt a pang of nervousness before opening the latest correspondence from your gas and electricity supplier, you're living in fear of a monster energy bill |
An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter | |
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