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Insurance
| Question | Answer |
|---|---|
| What is insurance | Insurance offers protection against financial risk |
| Principal of insurance | Good faith Insurable interest Indemnity Contribution |
| Type of insurance for a business | Fidelity Public liability Product liability Employer's liability Motor insurance |
| What are the importance of insurance for a business | Business survival Risk management Improved cash flow |
| Insurance for a house hold | Health insurance Life assurance House and contents Motor insurance Mortgage protection insurance |
| Reasons for taxation | To raise money To redistribute wealth To discourage consumption |
| Tax paid by house | PAYE PRSI USC VAT CGT CAT DIRT motor tax |