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A Basic Guide To Different Insurance Policies

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Insurance is a safeguard provides safety and security against future conditional losses to hedge the possible risks of the future. It is a legal contract between a person and an insurance provider. These insurance contracts are known as policies and are provided by insurance firms. The Insurance providers charge a regular amount from the customers, known as a premium, which is paid back to the customers in case of death, sickness, accident, loss of ability to work, and legal expenses. There are several insurance policies available in the market for different assets.

So nowadays you can protect yourself against unpredictable risks by taking out  a right insurance policy according to your needs and budget. There is almost no limit to the insurance policies, but the most common types of insurance are listed below:

Property Owner Insurance – The home and office premises is most valuable possession for everyone. A right kind of property owner insurance can provide a protection cover for building and contents. You can choose a policy according to your needs such as residential property insurance or unoccupied commercial property insurance.

Tradesman Insurance – Atradesman insurance policy is essential for both businesses with employees and sole traders. There are many tradesman insurance brokers, which provide quality tradesman insurance policies with cheap public liability insurance and other covers which to protect all aspects of your business.

Professional Indemnity Insurance – Professional indemnity is an important type of cover, if your business gives advice or offers a professional service to other businesses. A professional indemnity insurance protects you if a client claim against you due to a problem with the work you have done for them.

Retailer Insurance – A retailer's insurance is ideal for shops and retail businesses. It can protect your business against several types of risks which you can be exposed to on a day-by-day basis. You can find a policy according to the nature of your business such as shop, florist and off licence business insurance.

Motor Insurance – Motor insurance is purchased for cars, trucks, buses, vans, motorcycles, and other road vehicles. An ideal motor insurance cover can protect  you and your vehicle against most forms of damage that may occur to your vehicle. It divides into three categories - third party, fire and theft, comprehensive cover.

Business Insurance - If you own or run a shop, pub, hotel, restaurant, cafe, small business or office, business insurance is essential for you. There are several things such as physical damages, lawsuits and liability; business competitors can all affect a business. A right kind of business cover can protect your business.

All these policies are the most common types of insurance. For detailed information you can visit at the following link:


Author info

Jennifer Wilson is  a professional writer,  and she has written several articles  cheap public liability insurance and off licence business insurancefor Topmarques. Topmarques are an independent insurance broker, offers high quality services at great prices. 

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