insurance company

Definition

A company that offers insurance policies to the public, either by selling directly to an individual or through another source such as an employee's benefit plan. An insurance company is usually comprised of multiple insurance agents. An insurance company can specialize in one type of insurance, such as life insurance, health insurance, or auto insurance, or offer multiple types of insurance.

Use insurance company in a sentence

All of the companies vehicles are insured by 1 insurance company cause they have great rates for businesses with a fleet of vehicles.

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When we changed our insurance company from one that only sold auto policies to one that offered multiple options, we were able to combine all our coverage and receive a huge discount.

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John Smith's insurance company requested that he record model and serial numbers for the major appliances and equipment in his home to help them determine the amount of his benefit in case of loss.

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