Business Insurance
Types of Business Insurance
There are lots of different things, which need to be insured by a business. Business Insurance covers a multitude of risks and includes the following:
Buildings Insurance |
Protects against buldings damage from defects of the construction process.
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Burglary/theft insurance |
Protects against losses from theft or burglary.
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Consequencial loss insurance |
Protects against loss of profits due to insurable risk.
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Cash in transit insurance |
Protects against loss of cash in transit to or from a business premises.
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Fidelity bond insurance |
Protects against fraud from an employee e.g. a shop assistant stealing goods.
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Fire Insurance |
Protects against damage due to a fire.
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Employers liability insurance |
Protects employers against claims from employees due to injury etc.
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Goods in transit insurance. |
Protects against loss of goods being transported to or from a business.
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Motor Insurance |
Protects against damage to vehicles. This is a compulsory policy.
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Glass Insurance |
Protects against damage done to glass fittings such as shop windows.
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PRSI |
The employers must pay their employees PRSI. It is a compulsory deduction from the employees payslip.
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Professionals Indemnity insurance |
Protects professionals such as doctors from claims for negligance in their work.
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Bads debts insurance |
Protects against debtors who owe money to the business.
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Product liabillity insurance |
Protects the business from claims from consumers due to injury caused to them from the use of the companys product.
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Public liabillity insurance |
Protects the business from claims by the public for injuries that were recieved in the business premises.
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Multiple Choice Questions.
1. What insurance protects against damage from vehicles?
2.What does professionals indemnity insurance cover?
3.If a shop assistant is stealing goods from your shop what insurance will protect you against this fraud?
4.what insurance protects you from loss of goods being transported to or from the business?
5.What does consequencial loss insurance cover?
6.Cash is lost while being transported from a business. What insurance protects you against this?
7.Your building is damaged from the construction process what insurance would you need to protect you from these damages?
8.What does glass insurance protect you from?
9.What insurance protects you against claims from the public because of injuries in the buildings or on the building's premises.
10. What insurance protects you from claims from the public due to them having an injury due to use of the companies' product?
Take the online Insurance Quiz
Click HERE to take the online Insurance Quiz
(Use the settings on the top right of the quiz page to keep testing yourself)
(Use the settings on the top right of the quiz page to keep testing yourself)