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Business insurance protects businesses from any financial loss or damage that occurred during the everyday operations of a company. A policyholder gets the coverage for risks related to employees, damage to property as well as legal liabilities. Such incidents can cause a major setback to your business. In several cases, it leads to partial or complete closure of the business leading to loss of income.
Having insurance provides protection for your business from a range of unexpected events and hazards including risks to profit and income of a company:
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Most frequent questions and answers about Business Insurance FAQs
Buying insurance for your business could be interesting only in the event you follow the right process. All you need to do is go online visit the portals or go offline visit the agents. Check in the plans offered by the insurance company and which is reliable with your business. Hence lastly, once you have opted for the best suitable plan for your business you go and pay the premium.
General Liability Insurance: Every business, even if it is a home-based business, you need to have obligatory insurance. The policy offers both guard and compensations if you, your employees or your goods or facilities cause or are supposed to have caused Bodily Injury or Property Damage to a third party.
Business insurance is non-compulsory, and some are only optional for certain types of businesses. While business insurance is not required by law, a property and fatality insurance policy is highly recommended for all business owners.
Here is some business insurance that is in place as per business requirement:
Commercial General Liability Insurance (CGL) defends your professional business against any liability arising from third-party for bodily injury or property harm and personal injury caused to them.
CGL covers a wide range of liability loss that a company is exposed to throughout the everyday sequence of business; acting as the foundation for most of the companies’ liability programs.
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ROYAL INSURANCE BROKING (INDIA) PRIVATE LIMITED
CIN: U65999DL2002PTC113794
Regd. Off.: 201, Parmesh Business Centre-I, Plot No. 20,
Karkardooma Community Centre Delhi -110092
Email: wecare@royalinsurance.in
Phone: 1800 569 3060
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