Types of Fire Insurance Policy A fire insurance policy is one of the best ways to secure your properties if something unexpected happens and your properties are damaged by fire. You will get recovered if you have a fire insurance contract in your hand. There are different types of fire insurance policies you can choose … Read more
Objectives of Insurance Insurance is the legal agreement between an insurance company and the individual or a business in which a business pays some sum of money periodically and in return it gets the assurance of protection of its property from any unforeseen events. The following are the main objectives of insurance. Provide Financial Security … Read more
It is sure that our lives as human beings are surrounded by different types of unexpected risks daily. To mitigate the risks from such unexpected events, insurance has become an important tool for us. Let’s understand, what it is, its components, importance, benefits, and types. What is Insurance? Insurance is a contract between two parties, … Read more
Types of Marine Insurance Policies In addition to the main types of marine insurance such as hull, cargo, freight, liability, P&I, and war risk insurance. The followings are the different nine types of marine insurance policies. Floating Policy Imagine you’re a big company that exports goods to different countries. Instead of getting insurance for each … Read more
What is Human Resource Management (HRM)? Human Resource Management (HRM) is the strategic coordination and administration of an organization’s workforce to achieve its objectives. It encompasses recruiting, training, compensating, and retaining employees while fostering a culture prioritizing their well-being and safety. HRM oversees policy enforcement, ensuring compliance with laws and safeguarding employee rights and privacy. … Read more
Functions of HRM (Human Resource Management) According to DeCenzo and Robbins HRM is a process consisting of four functions – acquisition, development, motivation, and maintenance. These components are related to acquiring people, training and developing them, activating them, and retaining them. Functions of Human Resource Management are also called components of HRM. Let’s explain each … Read more