So you have a product to sell, your business plan in place, and some offices or warehouse space sorted now all you need is some business insurance. Besides providing financial support during unfortunate events, insurance helps in increasing the credibility of your business among your employees (crucial part of your business) – they feel secured knowing that they are covered under insurance policy.
The company needs to have the power to underwrite all the profits that you are looking for and prove to you that they are worth investing in. you have to ask yourself whether the offered reward is worth the risk of losing all of the money that you invest before you dive into insurance investing situations.
Regions Insurance receives compensation from insurance companies or their affiliates in the form of commissions, which are calculated as a percentage of the premium paid to the insurance company by a customer and additional compensation from some insurance companies based on incentives or contingent criteria such as the amount of the total premium collected by an insurance company, underwriting profitability, or other factors.
The Foreign Workers Hospitalization and Surgical Insurance Scheme (FWHS) or better known as SKHPPA is specially designed in view of increasing Hospital and Surgical charges and to reduce financial burden of the Employers of foreign workers in the event of hospital admission of their foreign workers due to accident or illness.
There can be instances that make your business the subject of a lawsuit – a customer trips on a torn carpet in your office, a customer falls sick using your product, an electrical short-circuit that causes fire and damages your landlord’s building etc.