Insurance dates back centuries. The first instances of insurance took the form of mutual aid. A commitment by neighbors was made to help rebuild homes in the event of an unexpected event, or to help feed families during a famine. Later, Chinese and Babylonian merchants distributed their wealth among several vessels in order to navigate treacherous rivers without sustaining catastrophic loss. Eventually, these early insurance concepts were modernized into the complex and diverse insurance industry we have today.
Despite the modernization and additional paperwork, the idea remains the same – limit losses from an unexpected event. Today, insured items include life, limb, property and health. Eunoia works with our clients to understand the impact a loss of any of the above might have on them or their families and then works to mitigate those losses through a comprehensive insurance plan.