insurance
US /ˌɪnˈʃʊrəns/
Definition
an arrangement by which a company guarantees compensation for loss, damage, or illness
Key corporate benefits and risk management topic in TOEIC.
Examples
The company provides health insurance for all full-time employees.
Word Family
Synonyms
- coveragethe amount or extent of protection provided by insurance
- protectionmeasures taken to guard against injury or financial loss
- indemnitysecurity or protection against a loss or other financial burden
Collocations
- Easy car insurancecoverage providing financial compensation for automotive damages
- Medium health insurance premiumregular subscription fees paid for medical coverage
- Hard underwrite commercial insuranceevaluating and issuing institutional indemnity policies
- Very Hard insurance against geopolitical cataclysma financial hedge protecting against major international crises
Learner's English edition · Curated definitions for TOEIC learners.