Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Find What Value Do Insurance Policies Have in Our Lives?

By Andy Robert Subscribe to RSS | June 12th 2012 | Views:
loading
 
  



With the modernization in all fields and technology, risk management techniques have also grown up to the advanced level and the concept of insurance has developed with greater expansion. Insurance in simple words can be defined a form of risk management, which helps minimizing the risk of uncertain loss or losses. Insurance has been a great advantage as it can help in reducing the effects of some misfortune to the normal life routine. But while taking any insurance policy, one must go through the entire policy carefully as he or she may not understand all the aspects of policy and may buy some unfavorable or irrelevant policy. But still insurance policies have made the life much easier and provide great benefits to policy holders. For example, if one is not a policy holder and need to be hospitalized for some treatment, the one will have to bear all the heavy expenses of treatment by oneself which will result in extreme burden on the person or the family, especially the person or family is not financially strong enough to face and manage sudden troubles. Contrary to this situation, if policy holder faces same situation, although in some cases he/she will have to bear expenses by himself/herself, but his/her amount will be reimbursed later. This is a small example why insurance policies have become popular. Due to its ever growing value, a number of insurance companies have been established that started offering many different kinds of insurance policies. Two very well known and famous types of insurances policies are national insurance and business insurance.

National insurance can be understood as a system of insurance for workers and employers. This type of insurance was introduced as a system for benefit of the employees when they fell sick or during their unemployment. Further improvements introduced other benefits of pension, children education, etc. The system involves payment of nominal fixed contribution by employees or employers from their income on monthly or weekly basis and sometimes annually in order to get medical and professional facilities of insurance. This type of insurance became so popular over the time that almost all the organizations provide this facility to their employees now; even the self-employed individuals also use this facility.

Another kind of very popular insurance policy is business insurance. Different forms of this type of insurance have been offered by many insurance companies and involve various kinds of professional liability insurance. A businessman may need different types of risk management measures to secure his/her business. All these aspects of risk managements are covered under this insurance. Out of many types of insurance policies, a few important ones are described here for clear understanding. Trade credit insurance covers the insurance of receivable accounts and in case debtor defaults on payments, the company pays the receivables to the policy holder, thus, securing him/her from any loss. Business Interruption insurance gives an edge to the business man in case some hazard interrupts his/her routine business operation and covers loss of income. These kinds of policies are of great advantage, especially for those who are new to business or small business owners as they feel a sense of security while making investment.

Andy Robert - About Author:
Andy Robert is a reputed insurance agent and has been working in the Insurance industry for the last five years. He has worked as a consultant with a number of reputed financial institutions and have extensive experience in Business Insurance, Property Insurance & specially National Insurance offered by Insurance companies in UAE. He is currently residing in Abu Dhabi.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/finance-articles/find-what-value-do-insurance-policies-have-in-our-lives.htm

Related Finance Articles Subscribe to RSS

Securing your vehicle with Arkansas auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
Who doesn’t want his or her vehicle to be secured from every kind of accident or incident? Of cour...
 
How to choose the best dividend paying companies
Published by Isol on August 13th 2012 | Finance


Finding and investing in a dividend paying company is quite a bit easier than finding a com...
 
Eligibilities for Classic car insurance
Published by Ashish Pandey on February 2nd 2012 | Finance
In order to get classic car insurance, you should ensure that your car is eligible for it or not. He...
 
New York auto insurance attract high rates
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Residents of New York are some of the people who have to pay high rates in auto insurance policies. ...
 
Finding cheap Arizona auto insurance
Published by Auto Insurances on January 13th 2012 | Finance
Let’s not take more risks with our valuable autos. While applying for Arizona auto insurance make ...
 
Understanding professional indemnity insurance
Published by Sally McGill on June 18th 2012 | Finance
Personal indemnity offers an effective tool to counter certain claims that an individual or business...
 
Save your property through Landlords insurance
Published by Ashish Pandey on February 3rd 2012 | Finance
Having landlords insurance can be very advantageous for all the landlords and can protect the proper...
 
Availing benefits from cheap California auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
In this period of inflation who doesn’t want to save money? Every one seeks to save money from eve...
 
Get a car insurance to protect your asset
Published by Robert King on January 20th 2012 | Finance
Car insurance is an instrument which covers for all the unforeseen dangers associated with a car. Ca...
 
How to win the right auto insurance packages in New Hampshire
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Auto insurance is definitely a necessity to anyone who owns a car in the modern day. If at all you ...
 
Maryland the state of expensive auto insurance
Published by Insuranceindian Aauto on March 5th 2012 | Finance
Maryland is famous for its expensive auto insurance unlike other states; the state is rated as the t...
 
Getting the best Georgia auto insurance
Published by Auto Insurances on January 17th 2012 | Finance
As the state of Georgia is very notorious for having a big number of car accidents and also incident...
 
Why to get mobile phone and iPad insurance
Published by Ashish Pandey on February 7th 2012 | Finance
Getting mobile phone insurance or iPad insurance can be a great tool to avoid unnecessary expense an...
 
What Commercial Loan companies Need to Confirm Commercial Loans
Published by Timothy Powell on May 21st 2012 | Finance
Commercial loans are most usually utilized to buy commercial buildings or premises for new or establ...
 
Awesome car insurance is in North Carolina
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Just like the case is in many other states, it is imperative to have auto insurance North Carolina i...
 
Auto insurance – the ultimate choices
Published by Auto Insurances on January 13th 2012 | Finance
Insurance for persons might be optional according to the well and wish of the individuals. Some migh...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
New York Search Engine Optimization helps in developing companies
Published by Ricky Martin on June 25th 2012 | Finance
Companies providing New York Search Engine Optimization solutions in New you're ready to rent extrao...
 
Choosing an insurance policy for Hawaii
Published by Auto Insurances on January 16th 2012 | Finance
Just like in other states in the United States, it is a mandatory for the residents in the state of ...
 
Looking for the best Colorado auto insurance quotes
Published by Auto Insurances on January 16th 2012 | Finance
There are many Colorado auto insurance companies that are offering great deals for insurance policie...