When one is buying accident insurance cover policy he or she will be covered against the accidental death. The policy also offers coverage against disability that one incurs due to accident. With accident insurance plan one is protected from spending money in medical expenses. Unlike earlier days people are likely to be subjected to accidents at any point of time and the rate of accidents has increased beyond imagination. Here minor accidents are not talked about but the major ones which either snatch away life or drive one lead life as disable.
Accidents affect well being and livelihood. All one needs an all inclusive insurance plan to be protected from all kinds of unwarranted medical expenses. When a sound medical insurance policy is purchased one can stay safe from all kinds of financial repercussions. After all the value of human life is immeasurable and such policies are known to render some peace of mind to those who are dependent, so insurance companies have devised such policies which would be compensating one on the event of sudden demise, physical damage and mutilation. So when an individual fall victim to situations such as violence, natural calamity or road accident. The policy would be guarding those who were dependent upon the victim from coming under any economic repercussion. The injury may take place in air, rail or road anywhere but this policy helps in shielding the family. Varying Insurers with varying schemes There are insuring companies like HDFC Ergo General Insurance, New India Assurance, Royal Sundara, General Insurance, SBI General Insurance, Max Bupa Health Insurance, ICICI Loambard General Insurance and many more. The age group for enjoying this policy is restricted to 18-65 years. Types of insurance policies
What the policy exactly covers When there is accidental death, accidental dismemberment, terrorism act, accidental disability, regular payment during hospitalization. These are the areas where the policy holder may expect to get help from personal accident insurance plans. These plans are practically prepared so that one would be helped in time of need. Advantages of having accident insurance The insurance policy helps in meeting bank EMIs, varying expenditures and medicinal costs. With such policies, one would be enjoying number of advantages:
0 Comments
We all have been reading and hearing everywhere about the importance of having a life insurance plan or even several health insurance plans for that matter. We all definitely know how important it is to have even a motor insurance. What we all seem to be missing is the importance of a business insurance, which is as important as any other form of insurance since even a business is prone to similar risks and dangers from day one of its formation.
But to escape all dangers, we have a number of insurance plans that are specially designed to protect the various sizes and natures of business. We will discuss here some of them. Types of Business Insurance 1. Professional Liability Insurance The professional liability insurance also known as the errors and the omissions (E&O) insurance is basically to cover any kind of losses that surface in a business due to a negligence, mistake or a failure to perform the business deals in a righteous manner. As every business has its own right or wrong way of doing things, there is no specific professional liability insurance policy that can work for all kinds of business. Thus, they are customized for every business. 2. Property Insurance The basic identity of a business is its property, that can be either on a lease, rent or owned but it definitely needs to be protected against fire, theft or storm. Natural calamities that cause mass destruction like flood or earthquakes are however not covered under this plan. It covers-
3. Worker’s Compensation Insurance The worker’s compensation insurance is another important insurance plan since it covers all the expenses like the medical treatment or death or disability benefits in case a worker is injured while at work or even dies while at work. Such insurance should not be ignored even if the nature of the business is low risk. 4. Vehicle Insurance Like the insurance of any vehicle is important otherwise, it is also important for the vehicles that are used in the business. The vehicles should be insured against any kind of damages due to an accident and most importantly against any third party injury. If the nature of the business involves delivery of goods, the delivery personnel are also included in the insurance plan. 5. Home based Businesses There are several individuals who operate business from home. But it would be certainly wrong to consider that a policy for the house will cover the business in a similar way as commercial business insurance will do. You must ensure that your business insurance plan thoroughly covers the inventory or equipments at home that are actually a part of the business. 6. Product Liability Insurance If the nature of the business involves manufacture of a product to be used by the consumers, it is both important and wise to get product liability insurance. Such insurance covers all the damages and expenses if the business gets in a lawsuit for any damages caused by the use of its manufactured product. 7. Business interruption Insurance This kind of insurance plan is designed to cover any losses that the business incurs at the time when it is interrupted due to reasons like a natural or a man made calamity or any other factor that might disrupt its operations. This helps to compensate for any losses that the business incurs due to the lack of a place of operation. A well customized insurance plan suitable to the needs of business can go a long way in keeping it safe and successful. |