Human life is precarious and so are the activities they indulge in. So it is not only human life that needs to be protected, but also the work he does – his business etc. that needs to be protected. A business is a life not only for the owners, but also for the employees and those who benefit from it. So business insurance is too important to understand in today’s life.
What is business insurance?
Just as life insurance takes care of one’s life, business insurance takes care of one’s business. All you have to do is select which aspects or areas of the business to protect. This can be done easily after one has made a correct estimate of his company’s turnover. Because the insurance companies offer insurance based on the turnover of the company.
Based on sales, a businessman can decide how much he can afford to spend on insuring conscious (his partners, workers, himself, key suppliers, etc.) cash transactions from factory to bank, shipments, and the like). An example of this could be: a dyeing machine that is supposed to be the main machine in a factory and has a high cost must be insured first. Not only this, the worker operating the machine should also be insured for if any accident happens to him, the insurance money will cover the medical expenses and everything. In addition, all heavy machinery, all new machines or factories to be set up, the place where the company is set up, partners in business, employees who work day and night and all other matters where damage or loss can cause financial burden or even crisis can be successful insured.
Initially, there were one or two insurance companies like Oriental Insurance… but now there are numerous agencies like TATA AIG, Chola Mandalum etc, which give an entrepreneur the chance to be selective.
Many companies today offer certain additional benefits once you have your work insured through them. The preference may be the one that offers you a slightly lower premium, good and spontaneous returns or benefits and additional facilities. However, the premium rates and returns etc. do not differ significantly from company to company.
Even if it is a small scale business (a cottage industry or something) one should not hesitate to insure it. As a matter of fact, business insurance can save you from many unwanted and unexpected dangers such as theft, theft, any accident, the occurrence of a fire, problems that arise with time, the malfunctioning of an old machine and all damage to human life and property. properties. Today, all kinds of businesses, even those that are operated online, can be protected by insurance. All you have to do is inquire a little about the companies that can take out the insurance of your work and decide with open eyes what essentially needs to be insured and therefore secured.
“Make sure you and your company are insured.”
Do you run the risk of an uninsured
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