7.1. The cost includes transport and forwarding insurance of the real value of the goods, together with the cost of freight, up to the amount of 250 E. By the written order of the orderer, consignments of bigger value can be additionally insured within the system of GE or at the orderer`s own insurance company. 7.2. At compensation for damaged or lost consignment, the orderer gets the equivalent of the real value of the goods, without taxes. 7.3. ...
 

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Types Of Insurance
By adel khamis hassan
Types of insurance

Any risk that can be quantified can potentially be insured. Among the different types of commercially available are:

Types of insurance--Automobile insurance
known in the UK as motor insurance, is probably the most common form of and may cover both legal liability claims against the driver and loss of or damage to the insured's vehicle itself.
Throughout most of the United States an auto policy is required to legally operate a motor vehicle on public roads.
In some jurisdictions, bodily injury compensation for automobile accident victims has been changed to a no fault system, which reduces or eliminates the ability to sue for compensation but provides automatic eligibility for benefits.

Types of insurance--Aviation insurance
insures against hull, spares, deductible, hull war and liability risks.

Types of insurance--Boiler insurance
(also known as boiler and machinery or equipment breakdown insurance) insures against accidental physical damage to equipment or machinery.
Builder's risk insures against the risk of physical loss or damage to property during construction.
Builder's risk is typically written on an "all risk" basis covering damage due to any cause (including the negligence of the insured) not otherwise expressly excluded.

Types of insurance--Casualty insurance
insures against accidents, not necessarily tied to any specific property.

Types of insurance--Credit insurance
repays some or all of a loan back when certain things happen to the borrower such as unemployment, disability, or death.

Types of insurance--Crime insurance
insures the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime to cover losses arising from theft or embezzlement.

Types of insurance--Crop insurance
Farmers use crop to reduce or manage various risks associated with growing crops.
Such risks include crop loss or damage caused by weather, hail, drought, frost damage, insects, or disease, for instance."

Types of insurance--Defense Base Act
Workers' compensation or DBA provides coverage for civilian workers hired by the government to perform contracts outside the US and Canada.
DBA is required for all US citizens, US residents, US Green Card holders, and all employees or subcontractors hired on overseas government contracts.
Depending on the country, Foreign Nationals must also be covered under DBA.
This coverage typically includes expenses related to medical treatment and loss of wages, as well as disability and death benefits.

Types of insurance--Directors and officers liability insurance
protects an organization (usually a corporation) from costs associated with litigation resulting from mistakes incurred by directors and officers for which they are liable.
In the industry, it is usually called "D&O" for short.

Types of insurance--Expatriate insurance
provides individuals and organizations operating outside of their home country with protection for automobiles, property, health, liability and business pursuits.

Types of insurance--Financial loss insurance
protects individuals and companies against various financial risks.
For example, a business might purchase cover to protect it from loss of sales if a fire in a factory prevented it from carrying out its business for a time.
Insurance might also cover the failure of a creditor to pay money it owes to the insured. This type of is frequently referred to as "business interruption insurance."
Fidelity bonds and surety bonds are included in this category, although these products provide a benefit to a third party (the "obligee") in the event the insured party (usually referred to as the "obligor") fails to perform its obligations under a contract with the obligee.

Types of insurance--Health policies
will often cover the cost of private medical treatments if the National Health Service in the UK (NHS) or other publicly-funded health programs do not pay for them.
It will often result in quicker health care where better facilities are available.

Types of insurance--Disability policies
provide financial support in the event the policyholder is unable to work because of disabling illness or injury.
It provides monthly support to help pay such obligations as mortgages and credit cards.

Types of insurance--Liability insurance
covers legal claims against the insured.
For example, a homeowner's policy will normally include liability coverage which will protect the insured in the event of a claim brought by someone who slips and falls on the property, and brings a lawsuit for her injuries.
Similarly, a doctor may purchase liability to cover any legal claims against him if his negligence (carelessness) in treating a patient caused the patient injury and monetary harm.
The protection offered by a liability policy is two fold:
-a legal defense in the event of a lawsuit commenced against the policyholder
-indemnification (payment on behalf of the insured) with respect to a settlement or court verdict.
Liability policies typically cover only the negligence of the insured, and will not apply to results of willful or intentional acts by the insured.

Types of insurance--Marine cargo insurance
covers physical loss or damage to property while in transit via sea or inland waterways.
Marine typically refers to coverage of physical damage to the transporting vessel.
Many marine underwriters will include "time element" coverage in such policies, which extends the indemnity to cover loss of profit and other business expenses attributable to the delay caused by a covered loss.

Types of insurance--Purchase insurance
is aimed at providing protection on the products people purchase.
Purchase

 

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