General insurance, also known as “all-risk” or “broad” insurance, is a type of personal insurance that can protect you from unforeseen events. General insurance is designed to protect against financial loss as a result of an unexpected event. Typical types of coverage include car and house insurance, but there are many other types too!
General insurance covers losses from a variety of unforeseen events.
General insurance covers losses from a variety of unforeseen events. It is designed to protect against financial loss as a result of an unexpected event.
General Insurance covers losses from many types of risks, including:
- Death or injury to an employee
- Property damage caused by fire or other insured perils
- Losses incurred as a result of theft and malicious acts, such as vandalism and terrorism.
General insurance can cover you against many types of business and personal risks.
General insurance can cover you against many types of business and personal risks. For example, it can protect your company from legal liability in case anyone is injured on the premises or if something gets damaged. General insurance also covers losses due to theft or damage caused by fire, flood or other natural disasters.
Risks that can be insured:
- Legal liability – Compensation for injuries caused by your product or service
- Property damage – Compensation for any property damage caused by you, your staff members and/or visitors
- Personal injury – Compensation for any injury suffered by you, staff members & visitors of your organization
General insurance is designed to protect against financial loss as a result of an unexpected event.
General insurance is designed to protect against financial loss as a result of an unexpected event. General insurance covers a wide range of risks, including:
- Business risk – including property and equipment damage, liability claims and business interruption.
- Personal risk – including medical expenses in case of injury or illness; legal expenses in case of death or injury; accidental damage to personal property such as your car or home; natural disasters that affect your home such as fire or flood damage; travel cancellation and baggage delay insurance etc..
Life insurance is not covered under general insurance since it is a risk that cannot be insured.
Life insurance is not covered under general insurance since it is a risk that cannot be insured. It is a type of contract between an insurance company and the policyholder, where the insurer agrees to pay a sum of money to the beneficiary in case of death or critical illness (if you are diagnosed with cancer).
General Insurance policies are taken for shorter period of time and insurance company take less risk and hence issue these policies at cheaper premium rates, in case the risk is higher, company may not issue or charge very high premiums.
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General insurance coverage protects you from many types of risks but will not cover you against life risk.
You may have noticed that general insurance is only for non-life risks. What does this mean? Life risk is a term used to describe the risk of dying, which is an unfortunate thing that will happen to all of us at some point in our lives — and if you want to protect your loved ones from losing money because you die, you need life insurance.
General insurance covers many other types of risks including:
- Motor vehicle accidents (you can buy a policy for yourself or your car)
- Theft or loss of personal belongings
- Missed days at work due to illness or injury
General insurance is a form of insurance that offers protection against a variety of unforeseen events. It can cover you against losses from a range of incidents including fire, burglary, theft and accidental damage to property. You can also get cover for loss or damage due to malicious acts such as vandalism or arson attacks on your home or business premises.