Commerce SSS2 Third Term
The student should be able to:
1. Explain the various types of insurance.
2. Explain the meaning of underwriter.
Types of non-life insurance contd
6. Accident Insurance: This is a policy that provides indemnity against hazards or injuries to a person or group of persons. Accident insurance can cover personal accidents for a particular journey for a transport company. In some industries where hazard occurrences are high, It is compulsory for employers to take a group accident insurance policy for their employees. Group accident insurance is also common in a team sport. Accident insurance covers for sickness and even accident against properties such as building, equipment, machinery etc that may be dangerous.... View More
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