Free Insurance Informations

Business Owner's Policy

Small Business Insurance | Tuesday, 18 November 2008

A standard business owner's policy (BOP) provides coverage for property (fire, wind, theft, etc.), liability (injury of someone in your business or by your product), business interruption, and, in some cases, workers' compensation. The components of each BOP are different, so be sure that your policy contains all the components your business requires.

BOPs were originally designed for small businesses, often retail, such as stationery or hardware stores. Today, BOPs are available for a broad range of businesses covering most major industries and professions. If your business has more than 50 employees, or very high sales volume, you may not be eligible for a BOP and will have to purchase a package with the same elements at higher limits.

Travel Medical

Travel Insurance |

(also known as International Medical Insurance)

Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.

Maximum coverage levels can be substantial enough (up to US$5 million) to cover major medical expenses such as emergency surgery and extended hospital stays.

The "American-style" of international medical insurance coverage requires you to pay the specified deductible (excess in the UK) and co-insurance also known as co-pay before the insurer pays any expenses.

Plans often require pre-certification by the insurer prior to hospital admission abroad.

When hospitalization is necessary, many insurers provide a guarantee of hospital admission, and some insurers provide direct payments to hospitals.

When hospitalization is not necessary, most insurers require a claim form to be submitted for reimbursement of covered expenses for basic treatment by a physician and outpatient medical services.

Plans usually include coverage for emergency medical evacuation, reunion, repatriation of remains, accidental death and dismemberment (AD&D), and various other 24/7 travel assistance services.