Insurance documents

Organisations must keep insurance records. Insurance is a fee paid by the organisation to an insurance company every year. It provedes the organisation with financial protection so that it can pay if there is an accident or its equipment is stolen. There are different types of insurance.
Worker's compensation insurance is for workers who have an accident doing their work. It can pay for some of all of their medical costs and it can pay them wages while they are too injured to work.
Publice liability insurance is for piople who are not staff who have an accident while they are at the organisation.
Burglary (or theft) insurance is for buying new equipment and for repairing the damage after a robbery.
Vehicle insurance is for repairing a vehicle after an accident or for buying another vehicle after it hass been stolen.
Because all these things cost a lot of money for any organisation to replace, the organisation pays the insurance company a small amount every year and then the insurance company pays the bills if a claim is necessary.
Organisations have to keep details about all their vehicles, equipment and furniture and they have to give the details to the insurance company. They also have to tell the insurance company how much they pay all the staff each year. They have to keep details of any accidents, robberies or stolen vehicles, including medical reports. They also have to keep all insurance documents.