Workers compensation insurance policy is fixed in approximately all the states. It helps the employees get compensation for the time that they spend away from their work due to an injury. This insurance pays for compensation for accidents irrespective of whose fault it was. This insurance policy provide various benefits such as temporary disability benefits, permanent disability benefits, death benefits, vocational rehabilitation, benefits for supplemental job displacement and benefit for disability. It is very necessary for the employers to purchase this coverage and through proper research an employer can get the best workers compensation insurance rates. You can get workers compensation insurance for both acute and chronic occupational diseases and injuries.
If you are self employed, self employed workers compensation insurance is very necessary for you. You should undertake it to remain protected from any kind of possibilities and difficulties and to avoid interruption to the growth of your business. In addition to the workers compensation policy, you should buy additional coverage for workers who are not your employees but works for you. Workers compensation insurance does not protect non-employees. Thus, you should take an additional coverage for them.

In group a large number of individuals are covered under a single policy called the’ master policy’ .The insurance contract  is with  the body that  represent  the individuals  ,the employer or the association .because the contract is with the body ,that the is the policy holder .the individuals  are the  beneficiaries . The amount and term of insurance are negotiated by the policyholder and not by the individual beneficiaries .the benefits will be determined on bases that apply uniformly  to all the individuals .the premium will  be paid to the insurer  by the policyholder ,who may or may not , collect the same from the individual  concerned .if the individuals  contribute the  premium, that may  be either  full or partial .if the premium is collected from the  individual concerned by  an employer the premium may be deducted  from their salary .the group  insurance policy  does not have  a fixed  term .the terms and the coverage can be  renegotiated at the time  of renewal.
Entry into or exit from the group must be for reason other than the availability of insurance cover under the scheme.
A member who leaves the group may continue to derive benefits like Pension, from the group cover, as per the condition of the policy
The premium under a group insurance policy will change from year to year
The premium may also change according to the mortality experiences of the group

Life insurance products are usually referred to as a ‘Plan’ of insurance. These plans have two basic elements. One of the “death cover” &the other is “Survival Benefits”. Plans of insurance  that  provide the death  cover only  are called  “Pure Endowment”.if the insured does not die within the specified  period ,no payment is made under  a endowment  plan. All traditional life insurance plans are combination of these two basics plans .A term assurance plan with an unspecified period is called a “Whole Life Policy” In recent time” linked policy “have become popular. These are very different from the traditional plans. We have different types of plans in insurance policy like A Convertible Plans, Children Plans, Variable Plans, Industrial Assurance Plans ,Salary Saving schemes etc.

The insurance has become an integral part of business and human life .The following are the Advantage of insurance:
•    Providing Security:   There is always a fear of sudden loss. There may be a fire in factory, storm in the sea or loss of life .In all these cases it becomes difficult to bear the loss. Insurance provides a cover against any sudden loss.
•    Spreading Risk:    The basic principal of insurance is to spread risk among a large number of peoples. A large number of persons get the insurance policies and pay premier to the insurer .whenever a loss occurs, it is compensated out of fund to the insurer
•    Source for collecting funds:  The premium is received regularly in installments .Large funds are collected by way of premium. It helps in collecting saving from a large number of persons. The funds can be gainfully employed in industrial development of a country.
•    Encourage savings:   Insurance does not only protect the risks but it provides the investment channel too. Life insurance provides a mode of investment. In case of fixed time policies, the insured gets lump sum amount after the maturity of the policies.