There are different types of insurance policies serving different purposes but in some countries and states these insurance policies are required by the government from every citizen. For example, if you have a vehicle and you are driving on the road, you must have the vehicle liability insurance so you can still drive your car and pay for the expense of whatever damage has been caused in the accident to your car. Furthermore, there are types of coverage that protect you from lawsuits and claims when an accident has occurred due to your carelessness and negligence while driving your car.
One of the greatest advantages of being employed is that many of the policies that are most important in your life are purchased by your employer so you are covered as soon as you become the permanent employee in the company. Health insurance is the most common insurance policy that covers the employees that are working for a company that has purchased this insurance policy. Another policy that in fact saves the employer from lawsuits and claims is the worker’s compensation policy in which the workers and employees are given first-hand medical attention if they are injured on job.
Disability insurance is probably the most helping insurance policy for all employees since it continues to pay them their monthly salaries when they have been disabled. The company pays the monthly salary to the employee even when employee is not able to come to work due to disability from the covered reasons. Dental insurance is welcome by many employees too because dental care and visiting dentists is one of the most expensive things today. In this policy you and your family are covered by your company for the dental care and you are required to pay nothing or a very little amount for dental care.
Life insurance is also provided by some employers but not all. This is an expensive insurance policy and if you are able to get it from your company you should consider yourself lucky. Other than insurance policies purchased by the employers there are policies that play an important role in your life and thus you must purchase them. For example, SR22 is a vehicle insurance policy you must obtain in the US when you have committed a traffic violation. If you do have the insurance but no proper documentation, you might still attract the SR22 insurance.
This is the insurance policy brought into action by the state and government in order to make sure that you are meeting the minimum vehicle insurance requirements of the state. This policy also keeps you on the road but you have to maintain it for a minimum duration of 3 years. Any lapse or problem with the policy might get your license suspended again. Homeowner’s insurance is another important insurance policy for all those owning and living in a house. Lastly, what insurance policies are provided by the employer should also be an important factor before you make a decision to pick a job.