What type of preventative insurance do businesses purchase?
for ex you know how doctors have to get malpractice insurance…what other preventative type of insurances are there?
also more specifically dealing with frauds and lawsuits..what preventative type of insurances do they purchase?
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Liability insurance.
Umbrella policy!!! Protects you against liability. There is also “errors and ommissions” insurance. And, there are others.
Insurance doesn’t prevent ANYTHING.
All it does, is transfer part of the potential for loss, over to the insurance company.
ALL insurance, transfers a potential loss to the insurance company. That means, ANY kind of insurance you can name, protects whoever buys it, from that type of loss.
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