There are many types of insurance, covering individuals and organisations against loss, theft or injury. Examples include,

•  Car Insurance: you are required to purchase car insurance to drive on Irish roads. The type required is third party insurance, it comes with conditions, including that if you are at fault in the accident, only the other party to the accident and your passengers will be covered, while you may find yourself out of pocket. Factors an insurance company will look at when evaluating the risk involved include your age as well as the age of the car, how experienced a driver you are, what you will be using the car for and if you have any history of claiming for accidents.
• Health Insurance: Private health insurancecan facilitate access to treatment at private hospitals and from health professionals. But the benefits offered aren’t just for medical emergencies, increasingly health insurance policies offer support in living healthy lifestyles, contributions towards gym and sports club memberships, physiotherapists, mindfulness courses, fitness equipment or precautionary screenings.
• Travel Insurance: Travel comes with many risks, including the risk of requiring medical treatment abroad or transport and accommodation being cancelled. Travel is a great example of how accounting for risks enables policy holders to broaden their horizons, making adventure holidays and trips to more remote locations a viable option.
• Business Insurance: Insurance is vital to businesses,protecting them from exposure on a number of fronts. Professional liability insurance will protect you from claims that work you provided was inadequate, it is a legal requirement in several sectors. Public Liability Insurance is similar in concept, protecting the holder if people are injured or suffer loss as a result of your businesses activities. If an event happens that prevents your business from operating, then Business Interruption Insurance can cover the losses during this period. While these and other types of business insurance represent an upfront cost, their benefit is they allow businesses to operate with peace of mind, taking some of the risk out of innovating and expanding their operations.