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Sunday, 06 July 2008 |
By Thomas Pretty
 Business insurance policies come in all manner of shapes and sizes granting owners with different forms of cover from liability to earthquakes. But as a business owner what are the insurance policy basics that will ensure your company is covered?
General liability insurance is one of the most important types of cover that any business can have. Fundamentally it ensures that the company is covered if any accidents or injuries occur on the premises, or if any of the company products harm or injure anyone in any way. You must be careful with this type of cover, the clue is in the title; as a general insurance policy most contracts will be riddled with exclusions that enable the insurance company to hold payment if the injury or accident was caused due to an error in safety procedures or faulty workmanship. As with most things in business, it pays to read the small print.
Business owners should strongly consider the need for property insurance. Most policies cover properties in the general sense from all manner of occurrences. In the past this was |
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Last Updated ( Sunday, 06 July 2008 )
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