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All You Need To Know About Corporate Insurance

Corporate insurance is taken by large organizations to cover several operational risks. These can be risks like financial losses, theft, accidents, employee’s health benefits, to name a few.Corporate insurance covers group medical insurance policy  for workers against medical expenses, and death/disability occurring while at work. It is also known as business insurance and offers great benefits to employees involved with the firm and to the business too.

More info- What is group employee Health Insurance?

There are various types of corporate insurance -
●Property insurance
●Professional Liability Insurance
●Workers’ Compensation Insurance
●Group Health Insurance
●Business Interruption Insurance
●Product Liability Insurance
●Commercial car insurance

Let’s know about the features and benefits of corporate insurance.

  1. Corporate insurance protects your company from loss of income due to both man made and natural disasters.
  2. In some cases, the insurance company appoints a lawyer to defend their business against false claims. 
  3. It helps makes the business more credible and motivates employees to work with integrity.
  4. Protection against cases of unintentional negligence, and errors. It acts as a financial relief to employees so they can cover any of the physical losses such as serious health concerns and even death.
  5. The insurance helps to keep the company running in the face of a fiasco. It protects it from income loss caused due to serious disasters.
  6. There is also the provision of protection of properties against the ‘Acts of God’ such as floods and earthquakes. The office and property shall be protected against losses incurred during such times.
  7. Regular health care check-ups and compensation in case of disability or death make employees rely on the company. This way the company too is able to retain the best talents.

To safeguard the best interests of employees and the company corporate insurance is a must. You may avail it from experienced NBFCs offering lucrative pre-approved offers and reliable benefits.

Related Read: What Is Corporate Insurance And What Are Its Features And Benefits?

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Location: India

Comments

  1. Nikhil28 July 2021 at 18:57

    Thank you for sharing such great information. It has helped me a lot in finding out more details. Two Wheeler Insurance Company

    ReplyDelete

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