Corporate insurance is a type of insurance policy or group of policies purchased by a business or corporation to protect itself against potential losses, liabilities, and risks associated with its operations, assets, employees, and stakeholders.
The different types of corporate insurance
MARINE INSURANCE
Marine insurance protects from losses incurred during water transport operations, both personal and commercial.
ENGINEERING INSURANCE
Engineering insurance offers specialized coverage for risks associated with construction projects, machinery, and equipment. It safeguards against potential losses or damages during various phases of engineering operations.
PECUNIARY INSURANCE
Pecuniary insurance covers financial losses rather than physical damage. It protects businesses and individuals against risks like loss of income, fraud, or legal expenses. Examples include business interruption insurance, credit insurance, and employee dishonesty coverage.
LIABILITY
Liability insurance provides the insured party with protection against claims resulting from injuries and damage to people or property. Liability insurance policies cover both legal costs and any damages for which the insured party would be responsible if found legally liable and damage to people or property