BUSINESS INSURANCE

Edelweiss Tokio Life Insurance Company - Preet Vihar Branch


BUSINESS INSURANCE

Business is a set of processes running together to produce an output. The output could be a product or a service or a mix of both. The running of several processes needs space, people, machinery and supplies. Anything can go wrong in any processes at any time. To minimise the losses due to events which occur during the normal course of business, this type of insurance is provided at a cost. This covers the following during the course of the business,

The premium for all these type of insurance is calculated on a case to case basis and there is no single formula which would calculate the cost of business insurance. Depending upon the type of business, kind of employees, their age, region of business etc. determines the premium.