What Kind of Insurance Should You Get?
       By: Insurance Expert
Posted: 2011-09-23 21:02:35
If you thought that all insurance was basically the same, think again. For instance, event insurance to cover event liability is nothing like personal accident insurance, while commercial insurance is quite different from trauma insurance. The only way in which the different types of insurance can be said to be similar is that they make a payment when a certain event occurs – the event that the person or company is insured against.There are many different kinds of insurance and the best one for you would be the one that suits your specific needs. If you have a boat you want to insure, then marine insurance should be taken out, but if you are a professional person worried about litigation then you ought to look at professional indemnity insurance – or PI insurance, as it is sometimes called.Small businesses need small business insurance and should take care to ask for business insurance quotes from a business insurance broker to get the best deal. They could probably also benefit from taking out key person insurance to save loss to the business if their most valued employer was suddenly unable to work due to accident or sickness. This will pay the business rather than the person. The person would need something like trauma insurance to cover himself on a personal level, rather than any kind of business insurance. However, a business could also benefit from having business interruption insurance in case road works or something else prevented their customers from accessing the business. And they certainly should take out small business liability insurance in case a customer were injured in their store and sued them. Liability insurance such as this can save a business from going broke as it can run into many thousands of dollars.Insurance Brokers Melbourne offer many types of insurance from income protection insurance for anyone who wants to protect their income, to Industrial Special Risks Insurance, and from entertainment insurance to landlords insurance. Insurance such as this is certainly worth getting as it can give you peace of mind and save you from a great deal of loss.
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