Business Insurance

This script is a compendium of basic knowledge on business insurance and is intended for Management students at the second level of study. The script has 4 chapters. The first presents basic issues related to insurance risk. The next chapter presents the basic concepts and definitions used in business insurance, their functions and principles, as well as the divisions and classifications of the most important types of insurance used in science and practice. The third chapter covers the legal foundations regulating business insurance in Poland as well as insurance intermediation and insurance marketing. The last chapter briefly describes characteristics of the types of business insurance carried out at the Faculty of Management, Czestochowa University of Technology. Safeguarding life and health has always been one of the basic human activities, and with the development of civilisation, the safeguarding of property has also progressed. In particular, the development of commodity exchange and the emergence of money led to the development of insurance. Insurance, in its essence, is inseparable from the functioning of a developed society. Economic insurance, as part of the development of advanced finance, is now an indispensable part of the functioning of the world economy. Today, it is difficult to imagine the transportation of goods, the flow of services and the very conduct of business without this form of insurance for human activity.