Forsikring

“Forsikring” is the Danish and Norwegian term for “insurance.” It refers to a financial arrangement that provides protection against potential future losses or damages. In an insurance agreement, an individual or entity pays a premium to an insurance company in exchange for coverage that can help mitigate financial risk arising from unforeseen events such as accidents, illnesses, property damage, or liabilities. The insurer then compensates the insured party according to the terms outlined in the insurance policy when a covered loss occurs. Insurance is a means of risk management that spreads the financial burden of specific risks among a larger group, thereby providing a safety net for individuals, families, and businesses.