Insurance
Insurance is originated from french word Insurer primarily means engagement to marry,pledge,guarantee later on converted into assurance and then into Insurance recently.
Actually its a contract to help, protect or reimbursement to insured person financially of loss result from covered event.
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| Insurance types |
The major types of insurance are four.
- Life
- health
- property(Home,Car vehicle)
- long Disability.
Why is it so important to have insurance policy, to face sudden financial issues regarding high cost of health problems and costly medicines or certain surgery procedure and damage of personal property unexpectedly as may be chanceable equally for every human body in life.
Here are some hot top trend topics all the time we discuss one by one.
Auto insurance quotes/Compare car insurance online /buy car insurance online/auto insurance/commercial auto insurance /car insurance.
The financial coverage of vehicle spacially car for any accidental damage or theft ,fire etc the coverage of expenses,repair third part and so on other things.This is what why we need car insurance.Now we search for auto insurance quotes comparatively should be free to save money as we all need insurance of our car.So the thing is by entering car data on website we need to compare quotes from different insurance companies,schedule a survey and and when cover note issued get insured through best policy.
So the instant quote from company should be best rates,free services and claim assistance.
when we enter detail of our car needed,car brand,car model manufacturing year,current value,full name of owner,Contact number and email etc they will show the plan we have to choose best for us.In this way some companies offer discounted package to save money for us.
Workers compensation insurance.
This kind of insurance is related to employmentship.In this package companies offer insurance policy for their employees related to medical expenses,lost wages,rehabilitation cost in case of illness and injury.It also includes disability and death benefits for employee and his family if death occure during job.In this way employee feel save and secure in life and work sincerely and constantly.
This workmen compensation policy rules are different in diffence countries by the act and law of that country.This may also different for men and women.
Types of compensation are following...
- Basic pay scale salary
- Commision on salary
- Hourly and Bonuses with travel allownce and daily allownces.
- Small business insurance / business insurance.
The protection of businesses from the financial loss associated with unexpected damage of property,lawsuits, loss of income, theft, employee injuries and illnesses, and workers’ compensation.In cases of injury or damage, your business insurance reimburses your company, either fully or partially.
Types of Business are.
- Theft fear
- Property damage
- Liability protection
- Lawsuits fear
- Vehicle insurance
- Loss of income
- Employee injuries/illnesses of any kind
- Workers’ compensation
- Customer injury.
Professional indemnity.
professional identity insurance is a protection from loss or damage claimed by third party or client as a result of impact of negligency offered by you.Examples are malpractice insurance and errorrs and ommissions insurance.This may vary in amount.
General liability insurance.
The liability insurance policies cover you and your company for claims bodily injuries and property damage resulting from your products, services or operations.The General liability covers physical risks, such as bodily injuries and property damage and Professional liability insurance covers more abstract risks, such as errors and omissions in the services your business provides.
E&O insurance.
Errors and ommisions insurance protects you and your business from claims if a client sues for negligent acts, errors or omissions committed during business activities that result in a financial loss etc.Which person need this type of insurance,Professionals working in financial industries such as insurance, investments, real estate and accounting will benefit from this type of insurance to cover them in the event of a mistake or omission made on behalf of a client.
Example of this insurance is Accountant providing inaccurate financial advice to your clients. As a result, they file a claim against you. Interior designer using the wrong colors to repaint a client's room.