Archive for category Insurance Coverage
Review on Health Insurance Coverage
Posted by in Insurance Coverage on January 3, 2012
For one to get cover, it is mandatory that you take a health insurance policy which is a contract between an insurer and the policy holder. The policy taken is renewable and this can be done either monthly or per year. This policy also states the cost that the insurer will cater for and what health issues are catered for. Having the insurance cover does not necessarily mean you have cover to all health matters. You have to specify what the insurance will cater for.
Getting health insurance is important for an individual or even the family but you have to ensure you go for the right insurance cover. Having forehand information about a particular cover is important and this you can do by looking for the information in the internet or talking to an insurance agent.
It is also very important that before purchasing any health covers, that you take the following factors into consideration. Firstly, you should know the need behind your wanting of insurance. Knowing the need ensures that you settle for the best plan. The need can be either of a family or company nature. In this plan you should know of the three main covers which include the individual, family and group health insurances. Individual insurance is that which is offered to cover an individual. The family cover is meant to cater for the medical expenses of all family members whereas the group insurance is mainly taken by employers for their employees.
Insurance covers have different costs and the costs range from one insurance company to the other. It is therefore important that you ensure your budget is enough to pay for the insurance plan that you choose. Do not always go for the plans offering low rates as low rates do not necessarily translate to better deals.
When you take a health insurance cover, the focus is mainly on your health. Recognizing this will ensure that you choose the best plan that will cater for you needs. It is important that you purchase insurance cover from a known and reliable insurance provider as you will be assured of better services and plans.
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Types of Security Guard Insurance Coverage
Posted by in Insurance Coverage on September 17, 2011
Security guard insurance is vital in today’s business environment. It protects both security guard agencies and the companies they safeguard. There are various policy endorsements available to security guard companies and adding some or all of the following available options can provide the full protection needed in this high risk industry.
Assault & Battery
Security guard insurance can include clauses to cover guards in the event they are accused of assault and battery while in the course of their duties. Assault and battery is a crime whereby a person makes physical contact with another while also threatening that person in some way. For guards this could be a person alleging the use of unreasonable, physical force.
Broad Form Property Damage
Broad form property damage is the general commercial liability portion of security guard insurance. It is the principal form of insurance coverage and provides extended protection over basic potential causes of loss or property damage to a client’s property or even the inability for client to use that property.
Error & Omissions (Professional Liability)
Error & omissions insurance is also known as professional liability insurance, and it is an important coverage option for security guard insurance. It protects the company against claims of financial loss due to failure or negligence while delivering professional security services. In particular, this insurance feature protects the business with regard to legal defense fees and any settlement expenses incurred.
Personal Injury
Security insurance should also include protection for personal injury risks including libel, slander and false arrest. Some policies now specifically exclude false arrest claims. Personal injury endorsements will indemnify the security company from accusations of false arrest or detention by a hired guard as well as libel or slander claims.
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