Property insurance is a broad term for a series of policies that provide either property protection coverage or liability coverage. Property insurance helps cover losses due to damages to the property of the business. These damages can be caused to due to natural calamities, fire, worker’s unrest, vandalism, etc.

Not just legally but on humanitarian grounds, it becomes your responsibility to bear the damages caused to the person you are involved in an accident with. When you opt for a third-party motor insurance then your insurer will cover the costs and damages to the third party.

It protects the business from different types of negligence claims and certain mistakes. It is extremely industry-specific and its cover can differ from one industry to other. It is useful to industries like accounting, healthcare, law, insurance, consulting, etc.

This type of insurance covers the medical treatment costs of the employees of the company and provides compensation in case of his death and disability while working in the company.

It offers healthcare benefits to the employees of the company. This plan usually is uniform in nature with equal number of benefits for all the employees in the organization.

This is applicable to businesses that manufacture and products for mass consumption in the market. This insurance protects the company from the lawsuits by people who might have incurred loss or damage consuming it.

The normal course of business can be affected by certain events and incidents. This particular type of corporate insurance helps cover the losses a company faces during the interruption period.