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list two types of insurance an organisation could consider purchasing. what are the risks covered by the insurance and the benefit to the organisation insurance, general liability insurance, business owners generally cover legal hassles due to accidents, injuries and claims of neglect. These policies payment protection as a result of injuries in the physical properties of medical expenses. Libel is defamation lawsuit defense costs. And payment bonds or judgments required during an appeal process insurance products companies that produce wholesale and retail products were responsible for their safety. Product liability insurance protects against financial loss from a defective product that causes injury or assault. The amount of insurance you should buy depends on the product you sell or produce clothing stores have much less risk than small electrical appliance stores. For example, insurance, professional services, business owners should have professional liability insurance. (Also known as errors and omissions insurance) which covers the responsibility of protecting your business against malpractice, errors and omissions in the services offered to customers. Depending on your career You may be required by the state to implement such a policy, for example, doctors are required to purchase insurance, malpractice as a condition of practice in some states, property insurance, commercial property insurance covers everything related to the loss and damage to the company because of the variety. Fire, smoke and wind storms, hail, vandalism, civil disobedience, and the definition of "property" is wide and lost revenue. Business interruption insurance companies, building computers, documents and money.
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