Insurance Lesson

What is a Loss

A loss is an amount of money lost by someone or something. Insurance can indemnify a person or entity for losses that meet certain criteria. If you suffer a loss, you can then claim that loss to your insurance provider to see if it is covered under the policy and make you whole again.

Lesson Script

What This Video Covers

A loss is an amount of money lost by someone or something. Insurance can indemnify a person or entity for losses that meet certain criteria. If you suffer a loss, you can then claim that loss to your insurance provider to see if it is covered under the policy and make you whole again.
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Errors and Omissions

Errors and omissions insurance is professional liability coverage for mistakes, negligence, inadequate work, misrepresentation, or failure to provide promised services.