Open Policy Insurance, also known as Open Cover Insurance, is a type of insurance policy that offers coverage to businesses engaged in the import and export of goods. It is a flexible insurance policy that allows companies to insure multiple shipments of goods under a single policy.
- It provides financial support to the policyholder in the event that they require long-term care, such as nursing home care or home health care.
- It provides financial support to the policyholder in the event that they become disabled and are unable to work.
- Term Life Insurance: A policy that pays out a lump sum to the policyholder's beneficiaries in the event of the policyholder's death.