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Definite loss: The loss takes place at a identified time, in a identified place, and from a known cause. The traditional example is the death of an insured individual on a life insurance coverage coverage. Fire , car accidents , and employee injuries may all easily meet this criterion. Different forms of losses may solely be definite in principle. Occupational illness , for instance, might involve extended exposure to injurious circumstances where no specific time, place, or trigger is identifiable. Ideally, the time, place, and explanation for a loss ought to be clear enough that an affordable particular person, with sufficient info, may objectively confirm all three components.

Environmental legal responsibility or environmental impairment insurance coverage protects the insured from bodily damage, property harm and cleanup prices as a result of the dispersal, release or escape of pollutants. Behal, Vikas; Sareen, Sania (2014). “GUERILLA ADVERTISING AND MARKETING: A LOW VALUE ADVERTISING TECHNIQUE”. International Journal of Management Analysis and Business Strategy. three – via Google Scholar.

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