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Definition of Insurance

Insurance

  1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.
  2. The premium paid for insuring property or life.
  3. The sum for which life or property is insured.
  4. A guaranty, security, or pledge; assurance.

Insurance Quotations

It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
Barack Obama

Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.
Gary Hamel

There are worse things in life than death. Have you ever spent an evening with an insurance salesman?
Woody Allen

Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history.
Dwight D. Eisenhower

My dad was in the army. World War II. He got his college education from the army. After World War II he became an insurance salesman. Really, I didn't know my dad very well. He and my mother split up after the war. I was raised by my maternal grandmother and grandfather, and by my mother.
Al Pacino
More "Insurance" Quotations

Insurance Translations

insurance in Afrikaans is versekering
insurance in Danish is forsikring
insurance in Dutch is verzekering, assurantie
insurance in German is Versicherung
insurance in Italian is assicurazione
insurance in Norwegian is forsikring
insurance in Portuguese is seguro
insurance in Spanish is aseguramiento, seguro
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