What is Safeguard of insurance?

Safeguard in insurance typically refers to measures or provisions included in a policy to protect the insured party from potential risks or losses. It can also denote a specific type of coverage designed to mitigate certain liabilities or financial exposures. These safeguards often include clauses, endorsements, or additional coverage options that enhance the overall protection offered by the insurance policy. Ultimately, they serve to ensure that policyholders have adequate support in the event of a claim or unforeseen event.