Your business will pay a large insurance premium (which, amazingly, will be the same amount as the deduction that you desire) for some sort of insurance against a risk that is probably never to occur, such as terrorism insurance for a business in Tennessee.
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It is indeed worth having an insurance policy against risk and possibly even uncertainty.
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If exchanges' liabilities aren't capped, effectively they would need insurance against the risk of massive losses.
The five-year bonds, called India Development Bonds, came with insurance against exchange-rate risk and promises not to scrutinise the source of the investment.
In the real world Mainland, this type of insurance would be called catastrophic insurance because it insures against a risk that is very remote.
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As part of a way to mitigate against excessive risk, insurance companies may elect to not insure an individual whom they judge possesses a high likelihood of incurring costs because of a pre-existing condition.
The borrowers were told that the product would provide an "insurance" or "hedge" against the risk of interest rates rising, but rates then fell and they faced heavy losses.
The biggest problems: It is voluntary, and it attempts to combine a new benefit for working people with disabilities with a true insurance program for those looking to hedge against the risk of long-term care in old age.
And it provides data that could be used to vary deposit-insurance premiums according to risk another defence against moral hazard.
Private long-term care insurance can be an important tool to protect against the risk of needing costly personal assistance in old age.
Insurance companies will no longer be allowed to discriminate against high risk patients or charge exorbitant premiums to screen them out.
In order to guard against loss and protect their profitability, insurance companies must meticulously evaluate risk and determine the likelihood of outcomes that will negatively impact their ability to operate.
The debate pits the Bush administration, which wants to shift terrorism-risk coverage on to the private sector, against virtually the entire insurance and reinsurance industries.
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