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The Four Point Business Insurance Model

Thursday, April 8th, 2010

Business insurance can cover you and your company, regardless of how large or small your company is. There are several parts that fall under the term Business Insurance, four of which are vital and any company would be advised to have them.

The first and most important would probably be health insurance, which is given to provide benefits for the employees as well as the employers. Additionally, some employers offer life, disability insurance etc.

The second of this could be marked as Property Insurance. Property insurance is considered, keeping in mind the likelihood of any damage to the actual physical structure or building where the office premises are located.

Casualty Insurance is the third key part for Business Insurance Planning. Sometimes people pair this with Property Insurance as it protects the company from any sort of loss that can tarnish the company’s image.

The last important part of business insurance is liability insurance; this can protect your business for any lawsuits that claim negligence. This negligence may be brought on by the employees, or by the business as a whole.

There are other smaller forms of insurance that can be part of business insurance like vehicle insurance that protects any damage to the company vehicles. In addition, the workers insurance needs to be brought into this list – this would be for any injury sustained while they are working with relation to their work.

Thus, it is crucial for any company, regardless of startup or existent, regardless of how many employees form the frame work of the company, and lastly regardless of what the financial situation of the owner.