It protects against losses that may or may not occur, any insurance policy is not life insurance may be classified as general insurance. Below are the major risks that are covered by general insurance policies.

It covers insurance of property against fire, burglary, theft, personal insurance covering health, travel, accidents, and liability insurance covering legal liabilities. This insurance virtually covers all forms of insurance except life, other covers may include insurance against errors and omissions for professionals and credit insurance etc.