Items of ownership convertible into cash; the items detailed on a balance sheet, especially in relation to liabilities and capital.
Assets
An asset or item acquired with the goal of generating income.
Investment
This means that you can only insure against a risk that directly affects you.
Insurable interest
All the people employed by a particular organization.
Staff
The amount of money an individual or business pays for an insurance policy.
Premium
The substitution of one person or group by another in respect of a debt or insurance claim, accompanied by the transfer of any associated rights and duties.
Subrogation
A regular income paid by a government or a financial organization to someone who no longer works, usually because of their age or health.
Pension
The legal duty of all parties entering a contract to act honestly and not mislead or withhold critical information from one another.
Utmost good faith
