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5 Common Types of Company Insurance

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Mishiko Kayeziah

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In the complex landscape of business operations, ensuring the safety and longevity of your company is paramount. 

One crucial aspect of this protection is having the right insurance coverage. Let's delve into the five common types of company insurance that every business owner should consider.


General Liability Insurance (GLI)

General Liability Insurance covers the costs of third-party bodily injury, property damage, and advertising injury claims. 

In essence, GLI acts as a shield against unforeseen accidents and mishaps that can occur in the day-to-day operations of a business. From slip-and-fall incidents to property damage claims, GLI provides a broad safety net, protecting your company's assets and reputation.


Workers’ Compensation Insurance

In the unfortunate event of a workplace injury or illness, this insurance covers medical expenses, rehabilitation costs, and lost wages. 

Compliance with state regulations is essential, and having Workers' Compensation Insurance not only ensures legal adherence but also fosters a supportive and secure work environment.


Professional Liability Insurance

Also known as Errors and Omissions (E&O), Insurance shields companies from claims arising due to negligence, mistakes, or failure to deliver promised services. 

In fields such as consulting, legal services, or technology, having this coverage is paramount to mitigate the financial and reputational risks associated with professional errors.


Data Breach Insurance

Data Breach Insurance is designed to protect against the financial fallout of a cyber-attack. This coverage assists in covering the costs of notifying affected parties, legal fees, and potential regulatory fines. 

In a world where data is an asset, this insurance is a proactive safeguard for sensitive information.


Medical Malpractice Insurance

Medical Malpractice Insurance shields healthcare professionals from liability for errors, omissions, or negligence in their professional duties. 


With the complexities of medical practice, having this insurance ensures that healthcare providers can focus on patient care without the constant fear of legal repercussions.


Empower your Business Against Risks with 4Sight Risk Partners

4Sight Risks Partners specialises in creating tailored risk and insurance programs through a comprehensive risk profile framework. Our expertise extends to drafting specific policy wordings for various insurance products:


  • Industrial Special Risks
  • Professional Indemnity
  • Medical Malpractice
  • Warranty & Indemnity Insurance (Transactional Risk Insurance)
  • Motor Fleet
  • IT Liability
  • Cyber
  • Public & Products Liability
  • Directors & Officers Liability (D&O)
  • Investment Managers Insurance (IMI) for AFSL holders



The combined strength, choice, and value of 4Sight Risk Partners and Insurance Advisernet's network form our greatest asset. We offer clients confidence and clarity in navigating the complexities of risk and insurance. As trusted advisors, we advocate for our clients as valued business partners.


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Mishiko Kayeziah
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