Types of Insurance

There are four types of insurance, financial insurance, personal insurance, property insurance, liability insurance.

First, FINANCIAL INSURANCE

This has to do with money or anything of that nature. This benefits the insurance policy for most business owners, executives, managers, etc. This insurance provides coverage to the employer against loss of money inadvertently or in a situation where an employee's employer wrong of certain amounts in its custody or things in connection with another incident / loss.

Other monetary policy of insurance, fidelity guarantee (also known as the guarantor of the vessel), a legal protection insurance credit insurance and business interruption insurance. All these have their different functions, which in some way related to monetary claims.

As mentioned earlier, the insurance covers cash for the CEO, MD, etc. for loss of money, whether intentionally or by accident, into the custody of their employees or any other official of higher responsibility. This type of insurance covers that help their employees to compensate them.

Second, HEALTH INSURANCE

This involves all kinds of life insurance and accident. There are other types of personal insurance, and the purpose of each of them to meet the different needs of people in its aim to provide a future for themselves or for their dependents. Other subdivisions are for personal insurance: life insurance, accident and permanent health insurance social security.

These subdivisions have different similarities reaching the end to accomplish the same goal, such as life insurance, accident and health, this policy ensures that the policyholder unfortunately reached that resulted in permanent disability or death will still be able to care for your needs and your dependents on death.

Third, PROPERTY INSURANCE

Insurance includes property insurance coverage that any risk of loss or damage by fire, accident, theft or other risks that may arise. Below this, there are other subdivisions: car insurance, marine insurance, fire insurance, theft insurance, risk insurance cover special insurance.

In all these subdivisions of property insurance, insurance coverage respectively between them, there should be any damage or loss related to the type of policy.

Forth, LIABILITY INSURANCE

This offer covers the insured against legal liability to others. This can occur through the negligence of the insured does not have acted in a reasonable manner. These habits like crossing the street without looking good on both sides of the road that could cause an accident. This can also occur for illegal termination of the safety of another person in the enjoyment of property or through the intrusion is an illegal act committed by force or violence of another property person. 

Liability insurance is also divided into the employer's responsibility to its employees and the public accountability of the insured. The two sub-divisions of liability insurance should explain to their respective commitment and responsibility as is usually the result of the demands, liability insurance covers claims only that the insured is legally liable.

In total, we hope that these explanations will give you a better idea of ​​the direction to get what you want on the right thing to do while you take your insurance. But always make sure that you do nothing without first consulting your broker (who will take more time to share with you one-on-a policy that will be suitable for you) before going to any insurance company already know that the cost of insurance is less than what would be the cost of insurance because the cost of insurance to the manufacturer for example, is passed on to consumers as well as costs and other products Consumers benefit from the existence of insurance with discounted prices. So make sure you have insurance today.