Types of Business Insurance You Have to Know ; Part II

Continuing the previous post on Types of Business Insurance You Have to Know ; Part I as Insurance business is a broad description that can be decomposed into a list of nine types of insurance, you have to know . Therefore, here will briefly be further revealed the types of insurance you have to know to broaden your knowledge about insurance world. What are the other types of insurance that you have to know, please see below list.

Workers' Compensation Insurance

You need your employees to be protected against injuries in the workplace. Every country has different policies. But most countries have implemented some form of workers' compensation system. Workers 'compensation' is a system where employees are not permitted by law, employer for pain and suffering in the workplace, but in return the employer in an almost automatic payment system allows employees to participate in the event of risk of injury for medical bills and damages. There are several options to cover the accident. Some states allow employers to opt-out system, if the employer is self insured, the system is run by some private insurance companies to use other state agencies.

Business interruption insurance
Business interruption insurance guarantees against loss or damage to cash flow and profit by the company can not, because the smoothness caused. The simplest example is to think about the important machinery, struck by lightning. Repair machines can be protected by other coverage such as property or casualty insurance. But if you do not make widgets for three months when there is no substitute for that income without this coverage.

Health Insurance
To be competitive, most companies require their employees to offer health insurance. This insurance provides health insurance to your employees (and you) will benefit.

Death and disability insurance
Death and disability insurance protects the business of death or disability of key employees. For example, one spouse has a life insurance policy naming the partnership as beneficiaries bear. If the spouse is dead, and the company has planned properly, the product of political economy can come out to buy shares of the partnership interest of the heir to the legacy should be used.

Another insurance policy or a written
It could very well be that the unique needs of your company as a statement, a mixture of several reports listed above or something written specifically for a particular risk to have. They can vary by several actresses, actors and sports stars who have legs insured at some point there is thought career. This is an example of the policy script.

Reference: hxxp://businessinsure.about.com