Business Protection Insurance Coverage: Does It Really Work?
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Transcript of Business Protection Insurance Coverage: Does It Really Work?
http://www.generalliabilityinsurance.org/
Ask several people andyou will find thatinsurance is one of themost dreaded topicsthat they want to talk
about.
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Insurance policies tend tocontain a number of complexpapers that could not be easilyunderstood at a single glance.
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Unless explained by a professionalinsurance agent or broker
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The legal jargon and computationscannot be comprehended easily…
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So, What is a business protection insurance?
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It serves as a hedge against
future legal claims from third parties
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3 Main Types of Business Insurance
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1. Employer’s Liability
Insurance
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1. Employer’s Liability Insurance
Injuries/DiseaseOther grave things
that could happen to youremployee in the course ofperforming their job in theworkplace
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2. Product Liability
Insurance
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2. Product Liability Insurance
Manufacturing Defect that resulted
to injuries, disease, and othergrave things to injury, death, orproperty damage
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3. Public Liability Insurance
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3. Public Liability Insurance
Damages to property or injury
of a member of the general public
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What Is Covered In Your
Insurance?
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Payment for claims in property damage,
bodily injury, advertising injury, and
personal injury.
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The scope of these may extend up to
retribution for the loss and even restitution
for death
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Ultimately, the choice is yours….