Whatever is the size, shape and
nature of the business, role of business insurance is same for all. There are
several areas of a business which will need the umbrella of protection in the
shape of a protection policy. There are some common types of policy which are
designed for the commercial world:
- Workers' Compensation Insurance: This one is designed to cover medical costs as well as a major part of lost wages for the employee who got injured or sick while on job. Business insurance Naples FL companies can share more features of this cover.
- Key man Insurance (KMI): If the firm wants to attract employees of high quality then they look for some key features in the company and that is KMI. Key Person policies are developed for such employees without whom it will be difficult for the company to function lifetime or for a certain period of time. It can be death or non working health condition of the key man which can hamper the performance of the firm. The firm makes the payment of the premium value and this is considered as an asset in the company balance sheet.
- General Insurance: This policy is introduced to take care of the different claims which the firm may have to face due to accidents, injuries, and even claims of negligence.
Apart from business protection there are plan
for condominium protection too. Condo association cover will not give
you 100% cover for the property loss and so it is important for you to go for Naples condominium insurance. Personal
condo policy will cover each and every item present in your condo unit which
will not be covered by the Master plan as only limited items will be there
which will split among all units of the condo project.
