What is group health insurance plan?
Group health insurance is a health insurance that provides coverage to a group of people who are mostly the members of a same professional group, company, or societies. This scheme assists organizations in acknowledging the risk that employees face. The inflating cost of availing health treatments make it necessary to have a health plan for the employees to feel secure from the employer’s end.
A lot of insurance agencies offer this plan at reasonable prices, which depends upon some factors such as the size of the company, number of members, profiles, etc. Some terms and conditions are applicable on all the policyholders.
What is Business Asset Insurance?
As a business owner, you must have come across opportunities in which it is easy to generate profits but it is much more complicated to protect the assets of your company that help in generating the profit.
Asset insurance provides coverage to all your assets against unexpected and accidental damage. If they can be repaired, the company will cover the expense of repairment and if they are un-repairable then the insurer will replace the same.
It will be mentioned in the policy document which assets will get coverage like service facilities, include buildings, gates, walls, etc.
What is business liability insurance?
Any type of commercial or noncommercial company might face several circumstances unexpectedly under which it becomes subjected to pay for the losses occurred to the third-party. These damages may be a consequence of statutes, unintentional torts contracts or common law. To serve the interest of the organization, insurance companies come up to provide liability insurance.
Liability insurance provides coverage and supports to the insured person or the organization against the legal liabilities owing to insured during the policy period. This type of insurance covers the risk of getting claimed for damage or loss to the property caused due to the negligence of the insured.
The insurance company provides coverage to legal payouts and defends the insured in unfortunate circumstances, up to a specified limit specified in the liability insurance policy. The insurer may also deal with the third party to settle the claims beyond the court if the need ever arises. Exclusions of the policy depend upon the insurance company availing the liability insurance and they may vary from policy to policy.
Types of Business Liability Insurance:
- Credit liability
- Product Liability insurance
- Commercial general liability insurance
- Directors and Officers Liability Insurance (D&O)
- Environment liability
- Employment practices liability insurance (EPLI)
- Clinical trials liability insurance
- Crime insurance
What is a marine insurance policy?
Raw material and goods stored in warehouses are safe, still they are kept under an eye and manpower is employed to guard the spot.
It is no secret that transportation of goods is an inseparable part of any business that intangible goods. They need protection not just while warehousing, but also while they get transported to other locations. Marine insurance is a vital expenditure you can invest in to safeguard your goods in transit by any means of transportation.
- Voyage Policy
- Time Policy
- Floating Policy
- Block Policy
- Mixed Policy
- Mixed Policy
- Unvalued Policy
- Open Policy
Why Choose PolicyStop for your insurance?
PolicyStop provides end to end risk management services to cover our customer’s business development from risks, uncertainties, and mishaps. Our customers have hugely benefited by using our unbiased services. We provide them with the opportunity to save money by leveraging our online comparison platform to make the entire process hassle-free and economical.
At PolicyStop, we offer you unbiased advice to take care of your business related needs. PolicyStop works according to the norms for accurate and dependable business plan insurance comparison
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