There are basically two categories when dealing with Health Insurance, the traditional and the managed care. Under these categories there are different types of plans of health insurance: the traditional indemnity plans, which are now often called fee-for-service plans; the PPO, or Preferred Provider Organizations; the POS, or Point-Of-Service plans; and the HMOs, or Health Maintenance Organizations.

The traditional indemnity plan is like auto insurance where you pay for the expenses upfront, through deductible, and then your health insurance company will take care of the rest of the bill. This is the type of health insurance the majority of people in the past have been comfortable with. At present however, the norm is the “free for service” coverage. With this type of health insurance, you can choose your hospital, your doctor and the other health care providers. However, the plan is actually something like out of pocket expense since usually there is a deductible amount before the health insurance company pays for your expense. You may have to pay this up front and then have them reimburse you later. However in some cases your health care provider may also bill your health insurance directly.

The managed care health insurance has become more popular in the ten years. For the most part people who have private health insurance also have some form managed care insurance. The managed care plans are Preferred Provider Organizations (PPOs), Point-of-Service (POS) and Health Maintenance Organizations (HMOs). All these basically involve an agreement between certain health care providers and the health insurance company. And the insurance companies offer financial incentives to the insured to choose their health care providers.

Aside from the typical health insurance, there is also the short term health insurance for people who do not yet have the traditional and managed care insurance, such as recent college graduate or those in between jobs. The short term health insurance is flexible and may cover you for 1 to 12 months at a relatively affordable rate. Then of course there is the student health insurance for the undergraduate and graduate students.

Business insurance is property insurance, property insurance which insures you against damage or loss to place or location of your business. This also insures the property of others such as employees and customers which are under your control at the time of the loss. However property insurance can also be for a specific risk, for example a fire insurance policy to cover the event of a fire.

Something else to consider when you Compare Business Insurance is casualty insurance. This insures you against damage or loss to your business. A couple companies have property and casualty insurance plan tied together.

Then there is liability insurance. This business insurance helps with legal liability for your business due to negligence of your business and or employees. In other words, it protects you and your business against a negligence law suit.

There is also the commercial auto insurance that you should look at when it comes time to Compare Business Insurance. Since your personal auto insurance does not cover vehicles used for your business, this will provide insurance for those vehicles.

If you have any employees, you will look at workers compensation insurance. This is insurance for your workers or employees against injuries they may sustain at work. You still have to participate in the system of automatic payment to employees that are injured while working for you

Business interruption, this policy protects you against loss or damages due to business interruption, such as machinery breaking down.

And last, there are also the scripted policies. The scripted policies are for companies which need a combination of the different coverages and for particular risks.