Division of insurance on the subject of insurance

The subject of insurance may be individuals, property, money or liability as follows:

1 Life insurance, personal accident insurance and health insurance
In these types of insurance, the subject of insurance is the same person, and in these types of insurance is the risk to the same person as death, disability and disease, so some people call the term insurance people

2 Property insurance
In this type of insurance, the subject of insurance is the objects and property owned by the insured person (or in which he has an insurance interest) and specified in the insurance policy, property insurance includes many types of insurance being subscribed to the property insurance department or accident department Miscellaneous, eg fire insurance, theft insurance, car insurance, internal transport insurance, if the insured property car say car insurance, if the insured thing goods say goods insurance ,, if the cattle say the insurance of livestock, crop insurance crop compensation for loss Crop or damage due to climate, frost, drought, cold, insects and diseases

Pet Insurance Pet insurance is a pet insurance against illness and accidents

In property insurance, the loss is based on the subject matter of the insurance. The term accidental damage insurance is given for this kind of insurance since the losses are material damage to the property

3 Cash Insurance (Cash Insurance)
Financial insurance is an insurance that pays only money, and a financial term that covers companies and individuals against financial losses such as legal expenses, And insurance of breach of trust, means financial insurance does not cover the physical damage to property because the insured may replace the property or repair it instead of paying compensation in the form of money, cash insurance is the insurance that pays only cash, the cash insurance includes cash insurance and stop Business or business Min lost profits

Money insurance / cash insurance
This insurance covers the loss of money at all times during transfer to the bank or its presence in the insured property or the insured car

 Insurance of business interruption or loss of profit insurance or profit insurance

Business interruption insurance / Loss of Profit insurance / business income insurance

Although the fire document compensates the insured for the physical damage to the property as a result of fire, but the stop of the facility after the fire will lead to financial hardship, especially that the owner of the establishment still pays fixed expenses such as electricity, water and rent and employment so the insurance profits compensates the insured for his expenses In addition to the net profit for the period of work interruption after the fire, the loss of profits is related to the loss of money. The profits represent internal cash of the company and the fixed expenses represent external cash, in contrast to the physical damage to the property. The mechanism provides protection for companies against financial risks, for example, it lost sales after a bad omen accident such as a fire accident led to the disruption of production company for a period of time.

4 Civil liability insurance (liability insurance)
This type of insured insurance shall be compensated in case of a third party (third party or others) indemnity for an error which leads to death or bodily injury or illness to the third party or damage to his property. The doctor who neglected or misdiagnosed the surgery has a legal responsibility to compensate the patient , And the driver who collides with others is responsible for compensating others. Therefore, this insurance may be called the term third party insurance because this insurance contains a third party other than the insured and the insured or called the insurance of errors for the insured.

The term liability insurance covers the liability of the insured towards the third party for bodily injury or physical damage to the property of the people. The insured is protected from the judgments of cases brought by any person from the public.

Liability documents cover only the unintended error of the insured, but do not cover the results of the intended error of the insured.

Professional liability insurance Professional Liability insurance
or Professional indemnity insurance
Occupational liability insurance is a form of civil liability insurance that compensates professionals or companies that practice professions against their civil liability for compensation to third parties who suffered injury or damage as a result of the negligence of professionals. May take different names according to the type of profession, for example in the medical profession called the insurance of malpractice and in the case of the public notary as well as for real estate brokers, insurance brokers, lawyers, accountants and appraiser expert called insurance error and omissions.

Directors and Officers Liability Insurance (D & O)
Is a form of civil liability insurance that compensates companies and bodies for judicial decisions against them because of the error of managers and officials responsible for them.

Securing the responsibility of media professionals is a type of responsibility for managers and employees. D & O covers publishers and the media from specific errors such as defamation, infringement of copyright, and infringement of privacy/

Defamation insurance (libel and slander insurance) is the insurance of a civil liability that covers the liability of the insured for harming the reputation of others. This insurance is made by newspaper and magazine publishers and media professionals, but this insurance does not cover intentional or criminal defamation, The percentage of the claim as participation in insurance.