3 Types of Insurance You Might Need in 2022

Insurance is an important safety net to have for just about every facet of our lives. While health insurance and homeowners insurance took tremendous priority for us throughout the COVID-19 pandemic, 2021 brings new opportunities, which means newer forms of protection. Here are some of the insurance policies that you may want to look into to keep your assets safe and sound today.

Crypto Insurance

You’ve probably been hearing more and more about the cryptocurrency market recently. From Bitcoin to Dogecoin, crypto has become a hot topic beyond the realms of the usual business networks and outlets. If you have elected to wade into the cryptocurrency market, or are still considering it, you’ll want to entrust your investments with a crypto exchange that operates safely and securely. Be sure to look into a Coinbase review and get details on the exchanges out there that may not only protect your cryptocurrency but teach you a little more about the market from blockchain to cash out.

With the emergence of cryptocurrency comes cryptocurrency insurance, protecting you from instability in the current ecosystem. With cryptocurrencies like Bitcoin skyrocketing in value, it has left some investors susceptible to theft within their online wallets. Just like handling a claim for a loss on a car insurance policy, crypto insurance mitigates risk. Insurance companies have looked into ways to develop coverage in this marketplace that centers not just on the finances, but the security of the system as well.

Liability Insurance

As we get back to enjoying the little things we lost during the pandemic, like going out to eat, businesses are bracing for a much-needed economic boon. However, any business that deals with customer interface on a daily basis has a duty of care to provide a safe environment for customers. Public liability insurance can help cover legal fees and compensation in the event a customer is injured on your grounds, or any property is damaged. This usually doesn’t cover employees. That falls under a separate workers’ compensation policy.

If you find yourself in a situation where your business was found negligent, then public liability insurance for business takes care of compensation awarded to the injured or impacted person, along with legal fees. Policy limits do vary so, just like any other insurance policy, make sure you take a look at the terms and conditions. Be aware that your premiums for a public liability policy may be higher depending on the risk associated with your business. A gym will come with a higher risk of injury to others than a flower shop, so the premiums may be higher, with additional limits required.

Travel Insurance

With COVID restrictions being loosened in most parts of the world, more people are eager to back to vacationing. With uncertainty surrounding the Coronavirus still lingering, travel insurance is a good way to protect your spending in the event something throws a wrench in your plans. Travel insurance allows for people to file a claim related to health conditions to get some peace of mind in the event that they can no longer board a plane or train because of an ailment or injury.

Insurance policies are also available through hotels and other lodgings to make sure you are not forced to cover the cost of a room going unused. In fact, most companies connected to forms of travel accommodation will encourage customers to purchase this coverage. This frees up a seat on a plane or a room in the inn for those companies while assuring your safety and the safety of anyone else using their services. You can spare yourself some cash to take that vacation you’ve been wanting some other time.