Life is full of unexpected happenings. Any unwanted incident may take place at any time that anyone may be unaware of. So people are always

Risks are classified in various ways. One classification is based on the extent of the damage likely to be caused. Critical or Catastrophic risks are

Assets are insured, because they are likely to be destroyed or made non-functional before the expected lifetime, through accidental occurrences. Such possible occurrences are called