Question

Which defines insurance?(1 point)
an agreement between two individuals to protect each other
against negative events
a policy purchased from a company that provides financial
protection against financial loss or harm caused by a possible
event
a program that manages risk by avoiding it
a risk control strategy that encourages taking action to reduce the
likelihood of a loss occurring.

Answer 1

The correct definition of insurance is: **a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event.**