1. Understanding about insurance
Insurance is a transfer of risk from the first party to another party. Controlled by the delegation of legal rules and the application of the principles and teachings that are universally adhered to by the first party or other parties. In terms of economics, insurance is a collection of funds that can be used to cover or pay compensation to people who suffered losses.

2. Benefits of Insurance
Besides as a form of risk control (financially), insurance also has a variety of benefits that are classified into: the main function, secondary functions and additional functions. The main function is as a transfer of insurance risk, premium collection and fund balance. Secondary function of insurance is to stimulate business growth, prevent loss, damage control, social benefits and the savings. While as an additional function, insurance as an investment fund and invisible earnings.

3. Are all risks can be insured?
Not all risks can be insured. Risks that can be insured among other: the risk that can be measured by money, the risk of homogeneous (the same risks and enough guaranteed by insurance), a pure risk (this risk is not profitable), particular risk (the risk of individual sources), the risk that occur suddenly (Accidental), insurable interest (the insured has an interest in the object insured) and the risks that are not contrary to law.

4. Asset Definition
Asset is anything which has a trading value or economic value. An asset can be tangible (visible, for example: cars, houses, land, a cow, plant, etc.) or intangible (can not be seen, for example: the talent and abilities). Insurance business aimed at protecting the economic value of these assets.
Human life is a very valuable asset that can bring in revenue. These assets also face risks such as death, illness or disability caused by accident. Risks such as disability and death make a person unable to earn income. This resulted in the parties that depended on him, such as family difficulties.

5. Disaster and Risk
Flooded, sick, hit by another vehicle, earthquakes, landslides, deaths and other unfortunate examples. Damage or destruction that may be caused by the disaster is a risk that owned by assets. Understanding ‘risk’ in the insurance or the means of the possibility of loss or destruction of uncertainty faced by an ‘asset’ that can cause economic losses.

Insurance Principles

In the insurance world there are some basic principles that must be met, namely:

1. Insurable interest
The right to insure, arising from a financial relationship, between the insured with the insured and recognized by law. In accordance with the purpose of life insurance, each person is considered to have insurable interest in his own, including their partners and family life.

2. Utmost good faith
In a contract, generally each party involved can learn the product and the subject of the contract. But in life insurance, which is a product / subject is the life of someone. Only a insured parties understand all the risks associated with him. It is the task of the insurer and the insured parties to implement in good faith among one another. The insurer must honestly explain everything clearly about the extent of the terms / conditions of insurance and the insured must also provide a clear and correct for objects or interests of the insured.

3. Proximate cause
is a cause of active, efficient chain of events that led to led to a result without the intervention of the start and actively from a new source and independent.

4. Indemnity
A mechanism which provides financial compensation insurer in an attempt to place the insured in a financial position that he had just before the occurrence of losses.

5. Conditional
Life insurance contracts have a requirement. Insurer parties bound  promises to pay compensation if certain requirements are met.

6. Unilateral
Life insurance contract is essentially unilateral. Only one side, the person who has a legal promise that must be implemented. The insured party can not be legally forced to pay the premium.

7. Aleatory
If the insured dies after paying a one-time premium, the heirs will receive full compensation (the number is likely much larger than the one-time premium) In contrast, insurance companies can earn more than the premiums rather than cash compensation should be paid.

8. Personal
Life insurance contract is personal. Someone must be insurable interest in himself, but others may not have an insurable interest in that person. Thus, the life insurance contract can not be transferred to others.

9. Valued
Under the insurance contract, insurer agreed to pay some compensation when losses occur. Sums paid to these beneficiaries may or may not have a relationship with the quantitative amount of losses resulting from the death of the insured.

Objects that become insured, among others are all well construction activities / civil engineering works and installation of machinery, industrial machinery and electronic equipment installations.

Engineering insurance consists of several types, namely:
1. Construction Insurance (Contractor’s All Risk)
Constructors have a lot of danger, and therefore in dire need of insurance. Risks contained in the contractor include the risk of natural disasters, fire, legal risk to third parties, the risk of explosion, detonation, or knock, hit by a vehicle or aircraft, and the risk of theft with violence and even theft.

Objects that are insured are all development activities for various purposes, such as offices, shops, factories, highways, dams, irrigation, until the harbor and airports. Meanwhile, the insured party is the owner of the project, funding agencies, as well as contractors and subcontractors.

Additional insurance or rider include debris cleanup costs, risks and costs for professional care.

Insurance coverage period starting from the preparation of development, construction / installation, testing period, maintenance period, until  handed the project to the owner.

The premium on this insurance depends on factors as follows:
• The length of time the project development
• The type of project, whether wet civilians or dry civilian
• Experience of the contractors who handle the project
• Condition of the project environment (including natural and weather)

2. Machinery Installation  Insurance
This insurance provides benefit that compensation for the risks that occur during the installation of machinery. Risks covered by the same risks faced by the contractor. Meanwhile, the period of coverage is somewhat different. If the period of construction insurance starting from the preparation of development, then this new insurance starting from the construction / installation, testing period, maintenance period, until handed the project to the owner.

3. Industry Machinery Insurance
This insurance provides compensation for unexpected expenditure costs for repair or replacement of machinery. Risks covered by this insurance include:
• Pressure or vibration outside normal limits
• Short-circuit
• Damage to the installation / panel electric current in the machine
• Lack / mistakes in lubrication  and / or
• No equipment functioning on the machine observer

The parties are to be insured object are:
• Electrical equipment (all electrical equipment)
Machinery or equipment that use electricity as a source of activator. Include: alternators, generators, compressors, electric motors, starter dynamo, transformer, etc.

• Machinery equipment (all types of machines)
Ie the machine with the source of electricity or other fuels and as a driving source such as pumps, turbines, cooling or heating machinery, industrial machinery specifically, boilers and others.

But there is also some risk that is not guaranteed, namely:
• Risk standard fire policy
• Damage that occurs in the period in question testing machine
• Expenses are too high engine deliberate
• Wear and tear
• Inherent characteristics (natural characteristics), which is a weakness or a specific weaknesses character that already exist and can not be fixed on the machine in question
• design errors (faulty design)of machine, which causes the machine has the natural characteristics , and
• Building collapse

Auto insurance is very important for every car owner, no matter what kind of car they own. You can visit site suggest top rated car insurance carriers to obtain more information about cheap car insurance. You can get lots of tips in order to get the best deal in auto insurance company.

When you come to the car insurance, of course there are some contracts that require time to read it. The fact is that most people do not read insurance contracts and there is a significant information shortage when it comes to consumers and the content of their insurance contracts it self. So, it is important for customers to read carefully and understand the insurance contract before make an approval. One problem with this information gap is that it can lead to money wasted. To avoid this it is of course needed information about comprehensive coverage. No doubt again to visit the site and get more complete and satisfying information about auto insurance here.

Insurance, in principle, work like umbrellas, which are ignored when the dry season and will be very useful when the rainy season arrives, but does have an umbrella with you just have to feel safe? then the questions how much you have an umbrella? or how strong these umbrellas? of course you will not know until the umbrella is in use, but you certainly have right to choose the best one for you when buying, so as not to regret in the future.

So if the expensive health insurance premiums is certainly a good thing? be yes, could not. as described above to buy insurance should be tailored to your financial condition, which means of course the premium you pay should be in accordance with the budget you have to budget for health care costs. So as not to interfere or burden the purposes of your other life that also important.

In addition an employee also has a relatively fixed income every month while for who are running their own business have earnings uncertainty in every month.

For that this is the role of “individual health insurance” should be utilized because as you know insurance is the way to transfer your risk, including risk lawfully in terms of your health, which means you set aside a small part of your fund for the unexpected things. In this case is the risk of your health in the future.

I believe, of course you always try to maintain your health and fitness, but when your health have at least disrupted, “individual health insurance” will help you to cover all your costs start from when your pain until you get outfrom the hospital, some insurance companies that provide all the facilities maintenance costs after leaving the hospital are borne by “individual health insurance”, yes well all fit the bill to a maximum of 90 days after leaving the hospital.

Facilities that provided by the “individual health insurance” like this course very suitable for you, because it can be when your revenues are sluggish and uncertain and you experience health problems? if you do not have health insurance would be enough to bother you and your family of course, and you certainly do not want to bother your wife or child is not it? especially until they are pleading for help to other people?

Cash Plan Health Insurance  can be an alternative for those who want to have health insurance but with a minimal budget, although not all at the cost of health insurance cover this kind, but at least you get a reimbursement of funds sufficient ease the burden on you when to get hospital treatment , especially if you are an employee who obtain health care costs from the budget of the office. Of course this cash plan health insurance can be a substitute for your income.

Cash plan health insurance can you be maximum with combine it with a cashless health insurance, so that when you are required to obtain any hospital treatment you will generate revenue (reimbursement of economic value) when you are properly fit and work.