Business Insurance, whether it is for a startup, or a large corporation is necessary to protect your employees and your investment. In this article, we are going to cover the different types of business insurance that every startup should know.
Business insurance helps protect the investment you have made in your startups and mitigate the risks you are facing. Because it would be a shame that one incident brings your company out of business, it is important to look at some of the most common insurance.
Medical insurance is one of the key elements of every employee benefits program. Numerous market studies show that medical insurance benefits improve the retention rate and the satisfaction index among your employees.
Finding the appropriate medical insurance could be challenging though. Each country has its own health care system and its own private or public medical insurance system. In some countries with a reliable and well-organized public healthcare system, private health insurance might not be as paramount as in some countries that essentially rely on the private medical system.
If you are located in Hong Kong or Singapore, offering generous medical insurance coverage will certainly be seen as a great benefit as medical care could be expensive.
Medical insurance programs could be set up in different ways = individual or group cover, international private insurance, or local plan, inpatient and/or outpatients’ benefits, direct billing or not. There are many options in the market. Discuss with your insurance intermediary who will help you design the program appropriate to your needs.
Clema Risk Solutions provide boutique insurance intermediary servicing to startups. With offices in Shanghai, Singapore, and Hong Kong, they offer digital solutions to assist startups in developing insurance programs appropriate for their needs.
And for our mates 😉, Clema is offering:
1) Free consultation to assess current insurance programs or to answer any questions
2) 5% off international medical insurance for businesses or groups of individuals
3) 5 -10% discount for a wide variety of business insurance covers