As part of the terms of a mortgage loan, most lenders require borrowers to carry property insurance. Your insurance agent can describe the various types of liability insurance coverage that are available. Employers’ liability insurance is completely different to public liability, in that it is specific to any incident relating to an employee of the company itself.
Having business liability insurance transfers the risks of financial loss, caused due to the claims made against the business, to the insurer. Keyman insurance policy is the one purchased by a businessman to secure the potential losses of his resources and cover the incapacity or death of a key employee.
This type of policy covers cost for such tragedies as fire or any other natural disaster but does not cover those caused by auto or workmen compensation or health problem. If you employ people you will need Employers Liability Insurance which will cover you from claims that an employee might make if they are injured or fall ill whilst at work.
A replacement cost coverage furnishes coverage to repair or replace the mobile home in the absence of any deduction for depreciation, up to the value of coverage purchased. As an Accountant, in order to cover your business from potential claims you will need Professional Indemnity Insurance.
This provides you protection in instances when property belonging to your company or a customer is damaged. Casualty insurance policies cover accidents. The policy has to pay for some kinds of accidental damage to a home, belongings, and other structures. In this form of an insurance contract, the insurance covers the losses by the insurance company irrespective of the party responsible for the losses.