Respuesta :

The answer is protection!

Reason: Insurance is a contract in which an insurer promises to pay the insured party a sum of money if one or more specified events occur in the future, in return for regular small payments - known as premiums. The purpose of insurance is to reduce your business' exposure to the effects of particular risks.

The basic purpose of insurance is to provide protection.

What is insurance?

Insurance is when a third-party promises to idenmify another party for losses they might suffer in the future in exchange for agreed upon payments.

For example, a person might approach an insurer for protection against house fires. The insured makes regular payments. In the event of a house fire, the insurer pays the insured.

To learn more about insurance, please check: https://brainly.com/question/1400638

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