As an Entrepreneur, it is sometimes difficult to
know what insurance you need and how much of it to buy, so we're
here to help you.
The type of insurance policy you buy may differ
depending on the size and type of business you are running, your
insurance budget and whether any of your customers have requirements
about what insurance cover you should have.
You may feel confident that you know what insurance
to buy but not how much. Your first thought should be whether any
of your contracts stipulate how much business insurance cover you
should buy - they will often require you to have a minimum level
of public liability or professional indemnity insurance. If they
do then this should be your starting point - although you may decide
that you need more cover than the contract asks for.
For public liability and professional indemnity
you will need to choose a limit of cover which is right for your
business. Think about the type of work you do and what could go
wrong in a worst case scenario - how much might it cost, especially
if a dispute went to court. Get a level of cover which you are confident
will cover the cost of compensation you might have to pay.
General insurance helps us protect ourselves and
the things we value, such as our homes, our cars and our valuables,
from the financial impact of risks, big and small - from fire, flood,
storm and earthquake, to theft, car accidents, travel mishaps -
and even from the costs of legal action against us. And we can choose
the types of risks we wish to cover by choosing the right kind of
policy with the features we need.
If things go wrong, your insurer may either repair
or replace the items that have been lost or damaged, depending on
the terms of your policy. You may also have the choice of receiving
a cash settlement for the amount of money agreed in your policy.
Health insurance policies insure you against several
illnesses and guarantee you stay financially secure should you ever
require treatment. They safeguard your peace of mind, eliminate
all worries about treatment expenses, and allow you to focus your
energy on more important things, like getting better. Get in touch
to know more about the various types of health insurance available,
and what the best policy for you might be.
Life is full of risks. That's what makes it so
interesting and exciting. But some unexpected events can really
set you back. Life insurance provides you the benefits of investment
and bring certain tax benefits along. It promises financial security.