The term ‘Accident Insurance ‘ has come to mean any kind of insurance not covered by marine insurance, fire insurance, or life assurance. It became clear as the Industrial Revolution developed that accidents were an inevitable accompaniment to progress. The transport revolution, which accompanied industrial progress, filled first the canals, then the railways, and finally the roads with such a volume of restless traffic as our ancestors would never have deemed possible. Technology invaded every industry; mining, manufacturing, and commerce itself became increasingly mechanized.
The four types of accident insurance covered are; insurance of liability; insurance of property; personal accident; and insurance; and insurance of interest.
No comments:
Post a Comment