FIN 230 Introduction to Insurance
Insurance as per the course FIN 230 Introduction to Insurance is a means of protection from financial loss. It is a type of risk management, firstly used to hedge against the risk of a contingent or uncertain loss. A company which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter.
Following are the ways to introduce an insurance company:
- Write a business plan.
- Choose your legal structure.
- Choose and register your agency's name.
- Get a tax ID number.
- Register your business with your state.
- Get your business licenses and permits.
- Purchase insurance to protect your investment.
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