A corporate insurance may be defined as a type of insurance which can be used by organizations to secure their employees. This is helpful for the people who are involved or were involved with the company and obviously, for the company itself. In this regard, it should be noted that the protection has certain limits. The officials of the company are held responsible for any personal actions which will not be covered by this insurance.
Benefits of offering Corporate Insurance
A corporate insurance policy is designed for a large or small business entity employees to cover different types of risks it may face.
It is good if your employer covers you under health insurance where the incurred gets the medical expenses reimbursed. But these benefits can be enjoyed only till you work with this organisation. As soon as you leave the organisation you are no more covered by this plan. So now, in case of any medical emergency, the expenses have to be borne by you if you are not backed by another health insurance.
One can buy corporate insurance policy either online or offline. Mode of Insurance depends upon different insurance providing company.