DEVELOP YOUR BUSINESS USING BUSINESS

INSURANCE DETAILS

Establishing a business is not an easy task. Situation in which business is

protected from losses due to changes in the regular functioning of the business

is business insurance.

Moneymindz is good in offering best financial advisory services relating to

business insurance.

Category of Business Insurance:

Business Insurance is divided into many parts like:

Professional Liability Insurance: It is good in covering business against risk,

negligence, mistakes taking place.

Property Insurance: Insurance taken to protect the property/assets is known

as the property insurance. It is consisting of equipments, tools, computers,

printers, Xerox machines, and other office equipments for growth of your

business.

Worker’s Compensation Insurance: A good compensation for the employee in

form of disability allowance, death benefits, and medical treatment is worker

compensation. It is an essential component for growth of business.

Home Based Business Insurance: Many business enterprises do start their

business at home, known as home based business. India has approx 60% of

home based industries and business insurance cover business and property

damages.

Business Interruption Insurance: When there is a problem, the business work

gets affected. There are problems like business losses, employee strike, and

other issues. Business interruption insurance protects the interest of the

companies/firms /organization in a systematic manner and compensates.

Vehicle Related Insurance: Vehicle must be insured in order to protect against

any problems. In many situations, if the employees are using their own

vehicles for business, then their personal insurance covers them during

accidents.

Super Assistance Policy: A unique situation, to protect your company from

super losses. It helps in offering extra coverage for you and your company.

Advantages of Business Insurance:

Some of the positives of business insurances are follows:

It helps in offering employee satisfaction and security.

Encourages savings and investment.

Promotes employment opportunities among small and big business.

Good in protecting your assets/business in a logical manner.

Providing ultimate shield, from losing the money, going bankrupt

Disadvantages Of Business Insurance:

Negatives of the business insurance are given below as follows:

The scope of the business insurance is very limited.

Lead to increased crime activity for beneficiary to receive the insured

amount.

For More Information:

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