Old Mutual is an international banking and investment group which has a 5 pillar framework of responsible business: "Customers, Responsible Investment, Employees, Communities and Environmental Management." The Insurance product transfer risk from an individual or business who cannot bear the load of the risk to, in this case, Old Mutual, who leverage the risk. The insurance premium is paid to the company to cover the cost of the risk. The insurance policy is relevant for people who have valuable assets to lose, which could be lost in damages caused by a fire, for example. To offset the cost of replacing the lost items, the person would pay this premium in the event of an accident.