This is the different types. Am briefly explaining the detail information given below
Insurance is an arrangement in which you pay money to a company, and Insurance types they pay money to you if something rude happens to you, for example, if your property is stolen or damaged, or if you get a serious illness.
Life insurance protects an individual against death. If you have life insurance, the insurer pays a certain amount of money to a beneficiary upon your death.
You pay a premium in exchange for the payment of benefits to the beneficiary.
Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses.
Every business, even if home-based, needs to have liability insurance. The policy provides both defense and damages.
If you, your employees or your products or services cause or are claimed to have caused Bodily Injury or Property Damaged.
Auto insurance is the two types
a) Commercial Auto Insurance:
Commercial auto insurance protects a company’s vehicles. You can protect vehicles that carry employees, products or equipment. With commercial auto insurance, you can ensure your work vehicles.
b) Personal Automobile Insurance:
very important type of insurance is personal automobile insurance. This insurance covers all road vehicles.
personal Automobile insurance has a dual function, protecting against both physical damage and bodily injury resulting from a crash, and also any liability that might arise from the collision
If you own your building or have business personal property, including office equipment, computers, records or tools.
you should consider purchasing a policy that will protect you if you have a fire, vandalism, theft, smoke damage etc…
Directors and Officers Insurance:
This type of insurance protects the directors and officers of a company against their actions that affect the profitability or operations of the company.
Note: Some other Insurance types also their ex: Travel Insurance, Education Insurance, Agricultural crop Insurance etc…