It is a fact that the success of a business depends on the hard work of the team, but one disaster can wipe out any efforts and bring any profits to dust. To avoid such instances, business needs to be insured, whether a small enterprise or a large corporation.
Should there be loss of income due to disruption of operations and business because of accidents, like fire, or flood, this can be covered under the Business Interruption insurance.
There's also Liabilitiy Insurance, which cover the company's legal responsibility for the harm it may cause to others. It can also be bodily injury or property damage, caused by defective products, faulty installations and errors in the execution of services provided.
However, Business Interruption Insurance does not cover professional liability, motor vehicle insurance, worker’s compensation or health and disability insurance. For those issues, one needs to look at Professional Liability insurance cover.
Lloyd's of London - Head Office
OVER 20 YEARS' EXPERIENCE
Lloyd's of London - Lloyd's Building
Lime Street, London, England
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