and Insurance protecting the other assets of the business
This type of insurance protects the business from defaulting on the liabilities of the business due to the death or critical illness of the Owner / Partner / Director of the business and is required by most banks when they extend credit facilities to the organization
Public Liability / Third Party Liability Insurance
Loss incurred by a third party due to the negligence of the employees or malfunctioning of the systems of a business can have a devastating effect on its finances and goodwill.
The Public Liability or third-party liability insurance enables the business to compensate the third party for the loss incurred, without affecting the finances of the business.
Third-Party Liability Insurance shields the business from legal repercussions, by adequately compensating the third party for the loss incurred.
The key to the success of every organization is happy and loyal employees, and protecting their health and well-being goes a long way in ensuring the success of the organization.
The following products fall under the Employee protection category;
Group Medical Insurance
Group Life & Disability Insurance
Personal Accident cover for employees
Key Man Insurance / Partners Insurance
Every organization has certain key people who play a major role in the growth of the business, and their absence would seriously affect the profitability and continuity of the business, hence the business has to be protected from loss due to death, disability, or critical illness of these Key-men.
The key people of a business usually are the Owners / Partners / Directors, and key employees handling functions like sales, production, purchase, finance, and administration.
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