What is business insurance used for? What is commercial insurance and what is it used for

At the same time of improving social security, they have set their sights on commercial insurance with more comprehensive protection, buying commercial insurance can transfer risks, share losses, compensate policyholders who have suffered losses, sub-insurance policies can be mortgaged, and some insurance products have both insurance functions and investment value.

Commercial insurance refers to a form of insurance that is operated by entering into an insurance contract for the purpose of profit, and is operated by specialized insurance companies. The commercial insurance relationship is a contractual relationship voluntarily concluded by the parties, in which the policyholder pays insurance premiums to the insurance company according to the contract, and the insurance company bears the responsibility of compensating for the property losses caused by the occurrence of accidents that may occur as agreed in the contract, or bears the responsibility of paying insurance money when the insured dies, is disabled, sick or reaches the agreed age and period.

The so-called social insurance refers to a social security system that collects insurance premiums to form social insurance**, which is used to provide basic living security for members who lose their ability to work or lose their job opportunities due to old age, illness, maternity, disability, death and unemployment.

Insurance features. 1 The main body of commercial insurance is a commercial insurance company.

2 The insurance relationship reflected in commercial insurance is reflected through the insurance contract.

3. The object of commercial insurance can be people and things (including tangible and intangible), and the specific object is people's life and body, property, and property-related interests, liabilities, credit, etc.

4. The operation of commercial insurance should be aimed at profit, and it is necessary to obtain the maximum profit to ensure that the insured enjoys the greatest economic security.

Insurance companies shall adopt the following organizational forms:

1. Shares****; The company, also known as "insurance shares", refers to the establishment and operation of insurance business approved by the national insurance regulatory authority, the entire capital is divided into equal shares, the shareholders are liable to the company to the extent of their shares, and the company is liable for the company's debts to the extent of all its assets.

2. Wholly state-owned company. That is, other forms of business than these two specific forms of insurance companies. No organization or group is allowed to engage in commercial insurance business.

Restricting the business entities of commercial insurance business to insurance companies established in accordance with this Law, and prohibiting other units and individuals from engaging in commercial insurance business, is conducive to protecting the legitimate rights and interests of policyholders, insureds, and beneficiaries, maintaining the normal order of the insurance market, and giving full play to the role of insurance as a guarantee.

Commercial insurance refers to a form of insurance that is operated by entering into an insurance contract for the purpose of making a profit, and it is operated by a specialized insurance company. A commercial insurance relationship is a contractual relationship voluntarily concluded by the parties, and the policyholder pays insurance premiums to the insurance company in accordance with the contract. The insurance company shall be liable for the payment of insurance benefits in accordance with the specific terms agreed in the contract.

For most people, it is still necessary to supplement their protection by purchasing commercial insurance. Social security coverage is wide, but the shortcomings of insufficient coverage are also obvious. Commercial insurance is very flexible, not only can reimburse items that cannot be reimbursed by social security, but also solve the problem of loss of income, and the most important thing is that it can be purchased according to your own needs.

Business Insurance. It refers to a form of insurance that is operated for profit through the conclusion of an insurance contract and is operated by a specialized insurance company.

The uses of commercial insurance are as follows:

1. It can provide protection: no matter when, where, and due to any accident caused by the insured, the insured does not need to worry about the reduction of his earning capacity or the loss of his ability to earn a living, which can effectively avoid the insured and his family members who rely on him from falling into a desperate situation;

2. Supplement social security: commercial insurance can reimburse expenses below the social security threshold and above the maximum payment limit to reduce the financial burden of the family;

3. Complete the retirement plan: With the increase in people's average life expectancy, the amount of pension required after retirement is also more than in the past; Business insurance can save money and use it as a pension after retirement.

Use; 4. It can be used as compensation for the impairment of work ability: when the insured is unable to work due to accidental injury, commercial insurance can provide a fixed family income, which is a benefit that other income** cannot handle;

5. It can be used for property preservation: if the amount of property is huge, it should be considered to pay inheritance tax with commercial insurance money.

Otherwise, a lifetime's efforts are likely to be wasted due to lack of foresight, which will become a pity.

Commercial insurance refers to a form of insurance that is operated by entering into an insurance contract for the purpose of profit, and is operated by specialized insurance companies.

The role of commercial insurance is to provide risk protection and make up for risk losses.

The policyholder and the insurer enter into an insurance contract, and the policyholder pays the insurance premium to the insurance company according to the contract, and the insurance company bears the responsibility of compensating for the insurance money according to the contract, and the loss caused by the accident that may occur due to its occurrence, or bears the responsibility of paying the insurance money when it meets the scope of insurance.

The commercial insurance relationship is a contractual relationship voluntarily concluded by the parties, in which the policyholder pays insurance premiums to the insurance company according to the contract, and the insurance company bears the responsibility of compensating for the property losses caused by the occurrence of accidents that may occur as agreed in the contract, or bears the responsibility of paying insurance money when the insured dies, is disabled, sick or reaches the agreed age and period.