MANAGEMENT

Detailed explanation-1: -Workers’ compensation and general liability insurance provide different benefits and cover different types of injuries. Workers’ compensation provides coverage to your employees if they get hurt or sick from their job. General liability helps cover third-party injuries, not injuries to you or your employees.

Detailed explanation-2: -Group life insurance is offered by an employer or another large-scale entity, such as an association or labor organization, to its workers or members.

Detailed explanation-3: -Most employers offer group-term life insurance as an employee benefit, although other types can be offered. Term insurance is life insurance that is in effect for a certain period of time only. Generally, in the case of employer-provided term life insurance, the term is for as long as the employee is employed.

Detailed explanation-4: -Be it a small business or a large company, keyman insurance provides quite a few advantages: In case of death of the employee, the company receives the sum assured to cope with the loss and also ensures business continuity without any hiccups.