Insurance does have a lot of jargon.
Start with the risk.
Is the objective to?
1. insure an asset
2. protect an organisation or people if things go wrong
3,. provide others with evidence that your activities are 'insured'.
Insurance is about having the backing of an 'insurer'.
Backing is about 'policies'
Insurance policies are special contracts which deal with different types of risk.
For example if you insure your house the policy does not cover your car or your business risk.
The Zone team works with our brokers to sort out what insurance is needed and how the risks can be 'insured'