If the property of the corporation gets damaged by some unfortunate events such as natural calamity, fire, smoke, vandalism, civil disobedience, etc. property insurance helps cover the losses. All-Risk policies cover for all types of incidents with an exception of few specific ones. Another type of plan known as peril-specific policies cover for only those losses that are listed in the policy.
Also, known as Errors and Omission (E&O) Insurance, protects the corporation from all types of negligence claims and certain mistakes from clients. Every industry has their own concerns which is attended through an industry-specific customized policy. Companies in the field of law, insurance, healthcare, finance, consulting and accounting must have this type of insurance
This is one of the most important insurance which offers healthcare benefits to the employees of a corporation. This offers equal benefits to all employees of the group and helps in availing significant tax benefits.
It covers the medical expenses of the employee and provides compensation in case of unfortunate disability or death of the employee while serving for the organization.
It is an important insurance for the corporation which manufactures products for sell in general market. If the product causes damage to someone then the corporation might result in naming itself in a lawsuit. Therefore, this policy helps protect a business in such cases.
There are some specific events and occurrences which disrupt the normal course of the business. This insurance helps cover the losses some individual faces in the interruption period. Retail stores or the business which needs physical presence to get in touch with the customers are the best examples for this type of insurance