Insurance is a means of protection from economic loss. It is a form of danger management, primarily used to hedge against the threat of a contingent or uncertain loss. An entity that offers insurance is known as an insurer, an insurance company, an insurance provider, or an underwriter. An individual or entity who buys insurance is referred to as an insured or as a policyholder.
There is a wide range of insurance policies, each aimed toward safeguarding certain aspects of your health or assets.