A Human Resources document management solution must include ability to electronically store and access all employee records, including those created internally, those received from outside company and those requiring a signature.

A look at "employee life cycle" gives us insight to these documents. During pre-hire phase, documents received from outside include resumes, background checks and results of drug tests. Application forms must be filled-out and signed by prospective employee. A copy of offer letter, counteroffer correspondence and contract, if appropriate, are internally generated. Finally, a signed acceptance letter and/or contract must be maintained in file. During hiring phase W-4, Beneficiary Designation and other signed forms are received.

Health insurance is designed to help you with your medical care. You will typically pay in a certain amount every month called premiums and you may have to pay a certain percentage on your doctor~s visits or prescriptions but insurance is designed to help you with costs. It will also help you in emergencies such as an accident, a broken bone, or a sudden illness. Insurance is there to help you if you are having a baby or another time where you need regular care.

Car insurance is intended for accidents; either your fault or someone else~s. You pay on your car insurance premium every month (or quarterly or yearly) and if you are in an accident, insurance can cover damages. There are two basic kinds of car insurance; liability and full-coverage. Liability will only cover what you are liable for. Full-coverage will cover anything that happens to your car, your body or to other party in an accident.

The main purpose of life insurance is to cover survivors of person who dies. Life insurance can be used to pay off debt, cover burial expenses or take care of surviving children. Life insurance can be very important, especially if you are leaving a spouse that doesn~t work, young children, or debts. In event of your death, life insurance company would award amount of policy to your beneficiaries.

Home insurance, as name implies is meant to protect your house and property. There is home owner~s insurance and also renter~s insurance. Renter~s insurance will cover your belongings that are in residence and most often cover damages to house itself if there were a break in or similar claim to home. This will keep renter from having to pay owner out of pocket if damage to residence occurred from something like a burglary.

The home owner~s insurance will cover for same things; damage to personal property and also to residence. Many insurance plans cover natural disasters such as storms or earthquakes. Some plans cover fire and some will not. Usually fire is covered if not set by owner.

There are many other types of coverage that are important for business owners, including business interrruption and disability insurance. The only way to assure proper coverage is to consult with a professional that has your best interests at heart.

Insurance - Necessary For Peace of Mind