BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lessen the possibility of becoming injured.
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protect against the financial effects of not being able to work.
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eliminate the chance of going out of business.
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insure that the cost of injury caused to others will be reimbursed.
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Detailed explanation-1: -Disability insurance, as the name implies, is a sort of insurance that pays out if a policyholder is unable to work and earn an income due to a disability. In case of an accident or disease, such a policy can protect you financially if you become disabled as a result of it.
Detailed explanation-2: -When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Detailed explanation-3: -Disability income insurance provides insured individuals with income when they can no longer work because of an accident, injury, illness, and/or disability. DI insurance is available through employers, the Social Security Administration, or private insurance companies.
Detailed explanation-4: -Total Permanent Disability (TPD) is a state where a person is unable to work due to prolonged illness or bodily injuries because of an accident. For example, loss of limbs, eyesight, or speech. Opting for a TPD insurance cover can support your family and loved ones in such adverse times.