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The Lecture ”Life-Assurance”

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GENERAL LIABILITY

Commercial general liability (CGL) insurance,  Provides coverage and financial protection to businesses or individuals against claims or lawsuits for bodily injury, property damage, and personal injury arising from their business operations, products, or services. It is designed to protect policyholders from the financial burdens associated with legal expenses, medical costs, and potential damages resulting from covered incidents.

WORKERS COMPENSATION

 Provides wage replacement and medical benefits to employees who suffer work-related injuries or illnesses. It is a mandatory type of insurance coverage in many countries and jurisdictions, designed to protect employees and employers from workplace accidents or occupational diseases. Key features of workers’ compensation insurance: Wage Replacement, Medical Benefits, Disability Benefits, Death Benefits

GROUP HEALTH INSURANCE

Group health insurance is a type of health insurance coverage provided to a group of individuals, typically employees of a company or members of an organization. It is an employer-sponsored benefit that aims to provide affordable and comprehensive health insurance to a group of people, which can include employees, their dependents, and sometimes retirees.

BONDS

Bond insurance, also known as financial guarantee insurance, is a type of insurance that provides a guarantee to bondholders that they will receive scheduled interest payments and the principal amount of the bond if the issuer defaults. It is a form of credit enhancement that enhances the creditworthiness of the bond and reduces the risk of default.

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