Elucidate the types of Insurance for Businesses
Elucidate the types of Insurance for Businesses?
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1. Business interruption: Downtime due to loss or damage of facilities and equipment.
2. Liability: Wrongs committed by the business against a third party.
3. Hacker: Computer saboteurs.
4. Key person: Death or incapacitation of an important member of the organization, e.g., president.
5. Life, health, and disability insurance: Health problems of employees and their families.
6. Fidelity bond: Theft by an employee of the business’s assets or those of a client.
7. Surety bond: Failure to perform obligations as promised (protects client).
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