select the correct answer. benjamin wants to buy insurance for his new shop. he finds out that he has to pay…

select the correct answer. benjamin wants to buy insurance for his new shop. he finds out that he has to pay the insurance company a fixed amount of money every year. what is this yearly payment called? a. premium b. insurance c. indemnity

select the correct answer. benjamin wants to buy insurance for his new shop. he finds out that he has to pay the insurance company a fixed amount of money every year. what is this yearly payment called? a. premium b. insurance c. indemnity

Answer

Answer:

A. premium

Brief Explanations:

In insurance, the fixed - yearly payment to an insurance company is called a premium. Insurance is the overall protection, and indemnity is compensation for loss.