7 IMPORTANT INSURANCES EVERY CORPORATE SHOULD HAVE

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FASTCOLLAB

• 7 IMPORTANT INSURANCES EVERY CORPORATE SHOULD HAVE

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• From the day when an entrepreneur
  begins a business, He exposes himself to certain
  risks. Even before the first employee is hired,
  business is in danger, making it necessary to
  have the right insurance compulsory in place.
• 1.Professional liability insurance professional
  insurance that protects the professionals such as
  accountants, Lawyers and physicians against
  claims initiated by their clients.
• 2. property insurance Whether the business owns
  or leases its space, property insurance is the
  must. This insurance covers equipment or
  materials, signage, inventory and furniture in
  the event of fire, storm, earthquake, theft or
  some other weather damage.
• 3. Workers compensation insurance Workers
  compensation insurance is required to be added to
  the business insurance policy once the first
  employee is hired. 
• 4. Group Health Insurance Group Health
  Insurance plan is defines as an employee welfare
  benefit plan established or maintained by an
  employer or by an employee organization (such as
  a union), or both.
• 5. Product liability insurance Product liability
  insurance protects against claims of personal
  injury or property damage caused by products sold
  or supplied through your business. It provides
  protection against financial loss resulting out
  of the legal liability incurred.

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• More details business interruption
  insurance

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• 6. Vehicle insurance Vehicle insurance is the
  insurance purchased for the cars, trucks,
  motorcycles, other road vehicles. The
  particular terms of vehicle insurance alters with
  legal regulations in every region.
• 7. Business interruption insurance Business
  interruption insurance is also called as business
  income insurance and covers the loss of revenue
  that the company suffers in a disaster.