Insurance III

Commerce SSS2 Third Term

WEEK  3

Insurance III

Performance Objectives

The student should be able to:

      1. Explain the various types of insurance.

      2. Explain the meaning of underwriter.

Content

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…