Protecting your assets and what’s dear to you is the most crucial step to stable financial status. Getting the right policies from the right insurance company is the only way to ensure that you are protected against unforeseeable but possible risks. Due to the numerous types of policies, it can be confusing figuring out just which ones to procure. However, here is a list of the most important insurance policies that you should have.
Long-Term Disability Insurance
The idea of a long-term disability occurring to someone is so terrorizing that we simply tend to give it a cold shoulder. We all hope that nothing of the sort will ever come along our way, but the hope is not good at all. This policy enables you to continue with your normal lifestyle even if you are unable to continue with your work
If your children, spouse, and other treasured ones would face financial constraints if you died then the best way to protect them from this is by taking a life insurance cover to ensure that they are protected
The rising cost of medical care has become a concern lately and hence the need to cover ourselves has become a necessity. Of late the cost of health insurance has been rising to a point of becoming a financial burden to almost everyone but when we come to think of it, it is worth than not having.
This insurance has become a requirement by law. If you are involved in an accident, and property is destroyed and someone injured, the possibility is that you will be subject to a lawsuit which will probably cost you everything. Taking an insurance cover is the only solution to your road problems.
This is very important as your home and properties may6 get damaged and you have nothing left. It also covers accidents that may occur in the house.
Business Owner’s Policy
Ranging from business interruption insurance, crime insurance, liability insurance to vehicle coverage are among some of the losses covered by this policy.
We do not have to worry about our personal property, all we need to do is take a cover against theft, damage, fire and many more risks that may be exposed to them.
Also known as errors and omissions insurance, it covers the damages that may occur in case you improperly render your professional services. It is not covered in general insurance and it is only applicable to professional firms only.
If you have been having problems with your landlord about rent this policy has come to your aid. It also protects damage to property or personal injury within the home
General Liability Insurance
This cover protects your employees, you and your products. It also covers damage done to the third party.