Business and Household insurance: need to look at types and then similarities and differences Insurance types Insurance Type Household Business Building and Insurance on Insurance against Contents insurance house/apartment accidental damages to which covers a wide premises, stock and range of risks, for other business contents. example fire, burglary ay and accidental damage. Motor insurance- Three types: Three types: Three types Third Party- Third Party- Minimum by Minimum by law law Third Party Fire Third Party Fire and Theft and Theft Fully Fully Comprehensive Comprehensive. PRSI / (USC) Compulsory. Compulsory. The Percentage of gross employer deducts the income taken from PRSI amount from the each employee’s employee’s wages and income and given to pays it to the the government. government. The Payment entitles employer must also pay employees to an additional amount benefits such as towards each pension, social employees PRSI fund.
Business and Household insurance: need to look at types and then similarities and differences Insurance types Insurance Type Household Business Building and Contents insurance Insurance on house/apartment which covers a wide range of risks, for example fire, burglary ay and accidental damage. Insurance against accidental damages to premises, stock and other business contents. Motor insurance- Three types Three types: Third Party- Minimum by law Third Party Fire and Theft Fully Comprehensive Three types: Third Party- Minimum by law Third Party Fire and Theft Fully Comprehensive. PRSI / (USC) Compulsory. Percentage of gross income taken from each employee’s income and given to the government. Payment entitles employees to benefits such as pension, social Compulsory. The employer deducts the PRSI amount from the employee’s wages and pays it to the government. The employer must also pay an additional amount towards each employees PRSI fund.
5th_year_insurance_and_tax_class_notes.docx