it is a must thing that corporations take insurance cover to avoid losses. Insurance premiums are lesser and if cost benefit analysis is done, the benefits of obtaining insurance far exceed the amount the cost that is to be borne. Such losses may not be restricted to man made sabotage and other similar human penetrating nature. They have a lot more to do with changes in the environment that bring in natural catastrophes. In order to mitigate the losses from such acts, companies resort to insurance companies which offer insurance policies that reduce the risks of losses. This makes the people at the helm of operating the affairs of the company a peace of mind that at least they are not required to be worried for losses due to untoward incidents that are usually out of control of human beings. These top level executives then focus more on the operational aspects of the company which results in an increase in profitability and revenue.
Insurance companies provide insurance cover to the affected companies. The corporations take insurance coverage of several natures of assets. The main class of assets that a company owns and provides for insurance coverage includes furniture, computer equipments including printer, cars that are given to employees and stocks etc as well group medical insurance for employees Dubai. Although there might be several other classes of assets that are offered for the insurance cover, those stated are the items that must be get insured. Cash is another critical asset for the company and requires insurance cover to not only for that presents in the office for payments but also that is under transit because any cash lost or theft would then have to be borne by the company.
For contacting insurance Brokers facilities over the phone and internet that makes it easier for both the insurer and the insured to enter into the insurance cover. The insurance policy is usually for a period of one year after which it is renewed for a further period of one year. Insurance taken on assets first require assessment of the value of the assets. The insurance assets are taken at their fair value or purchase price for assets which are newly purchased. This purchase price is called the sum insured and on this amount a certain percentage is applied. This percentage is different for categories of assets and also for the age of the assets. The companies need to have certain formalities completed and so for this purpose they include some amount in the name of administrative expenses that are added in order to reach the premium amount. The payment of premium is made on a lump sum basis or it can be made in installments.
Insurance companies have different policies for companies and the payment of dividends depends upon the premium amount and the relationship with the insured. Where the sum insured is high the calculated premium would also be higher and this would mean that the customer would be ranked higher by the insurance company and some installments shall be allowed. The payment of premiums would be lenient where the insured is a regular and old customer of the insurance company.
Insurance companies provide insurance cover to the affected companies. The corporations take insurance coverage of several natures of assets. The main class of assets that a company owns and provides for insurance coverage includes furniture, computer equipments including printer, cars that are given to employees and stocks etc as well group medical insurance for employees Dubai. Although there might be several other classes of assets that are offered for the insurance cover, those stated are the items that must be get insured. Cash is another critical asset for the company and requires insurance cover to not only for that presents in the office for payments but also that is under transit because any cash lost or theft would then have to be borne by the company.
For contacting insurance Brokers facilities over the phone and internet that makes it easier for both the insurer and the insured to enter into the insurance cover. The insurance policy is usually for a period of one year after which it is renewed for a further period of one year. Insurance taken on assets first require assessment of the value of the assets. The insurance assets are taken at their fair value or purchase price for assets which are newly purchased. This purchase price is called the sum insured and on this amount a certain percentage is applied. This percentage is different for categories of assets and also for the age of the assets. The companies need to have certain formalities completed and so for this purpose they include some amount in the name of administrative expenses that are added in order to reach the premium amount. The payment of premium is made on a lump sum basis or it can be made in installments.
Insurance companies have different policies for companies and the payment of dividends depends upon the premium amount and the relationship with the insured. Where the sum insured is high the calculated premium would also be higher and this would mean that the customer would be ranked higher by the insurance company and some installments shall be allowed. The payment of premiums would be lenient where the insured is a regular and old customer of the insurance company.
0 comments:
Post a Comment