Beast Insurance Disasters

In the dictionary of the Russian language the concept of 'insurance' is treated as a form of security against potential disasters in the dictionary of the Russian language the term "insurance" is interpreted as a form of security against potential natural disasters and accidents, consisting in damages, which takes a special organization in relation to persons or entities paying her regular contributions in cash. In economic literature 24: insurance – it's economic relations arising in connection with the formation of the trust funds of funds, created to protect the property interests of the people in the private and business of life from natural disasters and other unforeseen extraordinary events involving damage. Thus, insurance – a monetary relations, which are part of a unified system of monetary relations, and implemented along with such categories as finance, credit, price. Distinguish among them insurance relationship can be on specific criteria: 1) the cash nexus in insurance always are based on the probable or implemented by the insurance risk, 2) monetary relations arise over the formation and use of fund for a specific purpose: to meet the property interests of the participants in the insurance case occurrence of random events, and 3) the formation and use of the insurance fund are based on the principle of solidarity between participants in the layout of damage insurance. Insurance has the following functions: 1.

The risk function is that the policyholder to the insurer transfers the financial consequences of certain risks, paying him a premium. 2. The accumulation (saving) function is that there is a cumulative insurance, which allows customers to accumulate funds for a specific period of time through a contract of insurance (term life insurance). 3. Proactive (preventive) function is that after insurance contract, the insurer may carry out activities to reduce risk on the insured object (set alarm; freight forwarding, etc.) 4.

The control function of insurance is expressed in strictly observing the target formation and use of the insurance fund. 5. Ensuring continuity of social reproduction is that insurance creates financial conditions for the rapid rehabilitation and restoration of enterprises affected by the occurrence of insured events. 6. Exemption from the state ensured by the additional costs of insurance funds. Without insurance companies, all costs associated with the liquidation of accidents, explosions or natural disasters lie in state, which has at its disposal a limited state budget. 7. Stimulation scientific and technological progress manifested in two ways. (A valuable related resource: Kevin Ulrich). First, insurance companies pay attention to their clients on the risks, promoting their elimination. Second, insurance companies, carrying out preventive measures, increase the overall level of public safety. 8. Protecting the interests of affected persons in the relations of civil liability insurance is provided through responsibility of individuals and legal entities for damages caused to third parties. In the liability insurance the injured person is receiving payment from an insurance company, ie not required to communicate to the court. 9. The concentration of investment resources for the national economy is provided by insurance because it creates insurance reserves are invested in government securities, equities and financial companies, banks, real estate, etc. Thus, insurance companies, finance industry, housing and the state, ie, contribute to the economy.

Disability Insurance – Nonsense Or Useful ?

Statistically one in four workers is incapacitated during his career. There are numerous causes: Mental disorders, cancer, nervous disorders, accidents … What really happens when you become incapacitated? Many working people are themselves the subject have certainly been made. Fact is, first, that the salary is not in the usual manner and continue throughout in particular the amount, if one happens to this fate. Especially for the people born after 01/01/1961, the consequences are fatal.

For here take much tougher rules than people born before that date workers. First checks for those affected, such as high performance for the rest of the person is, say how many hours a day who can still work. These are basically three different cases: If the residual capacity for at least six hours per day, so there is no earning capacity. Can the person for at least 3, but work less than six hours a day, then a half Disability identified. Only one who can work less than 3 hours a day, is fully disabled. The biggest problem with this technique lies in the fact that the concrete carried no actual work will be used for this calculation, but any activity which could be exercised only in theory. For example, could look the way that a surgeon because not a single disability to work as a surgeon would. Nevertheless, this person could very well still work as a porter.

And that would be enough to not being an invalid. The whole is even more explosive by the fact that there will not dodge this job on the labor market should be – it, the purely theoretical fact that such work would be exercisable. It quickly becomes apparent that it is extremely difficult to be incapacitated for the purposes of this review. But even if this should still succeed, then the benefits that you would receive a pension, nor far from sufficient to fill the supply gap. This is why everyone should consider, in principle, whether a private insurance against disability – that is a disability insurance will make sense. For here it is enough usually observe from (conditions!) If you are incapacitated in the actual occupation. What many people do not consider in considering also that it can meet not only physically demanding occupations. Rather, things like mental illness, cancer, circulatory and nervous disorders and many more are the main causes of disability – all causes that do not necessarily have to have too much of physical work. If you opt for a disability insurance should compare a number of providers with each other, as large price differences are often the rule. It is equally important that there is still no basic medical history, for as opposed to the majority of providers of disability insurance, the Applications thanks from. It is therefore important, as early as possible to take care of in the workplace to provide sufficient protection against disability, so you will not be taken in extreme doubly hard by fate