November 28, 2020

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When many individuals consider finances they automatically think about money. Definite loss: The loss takes place at a recognized time, in a identified place, and from a recognized cause. The traditional example is the death of an insured person on a life insurance coverage policy. Fireplace , car accidents , and employee accidents might all easily meet this criterion. Other types of losses may only be definite in principle. Occupational disease , for instance, could involve extended exposure to injurious circumstances the place no particular time, place, or cause is identifiable. Ideally, the time, place, and reason behind a loss …

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