What insurance does
What insurance does
Insurance is a contract where a business pays a premium to an insurer for financial cover if a specified risk happens. The policy states what is covered, while a claim is the request for payment after the event.
Step-by-step lessons on OCR A Level Business Insurance. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.