The date on which an insurance policy or bond goes into effect, and from which protection is furnished.
The date on which an insurance policy or bond goes into effect, and from which protection is furnished.
Management of the pure risks to which a Company might be subject. It involves analyzing all exposures for the possibility of loss, and determining how to handle these exposures through such practices as avoiding the risk, retaining the risk, reducing the risk, or transferring the risk, usually by insurance.