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Insurance Policies play an important role in covering the success or failure of a business venture. Business insurance plans have gained importance in the last few years set off by an increase in cutthroat competition among big organizations and the need for survival of businesses. A business can be defined as a venture or firm which functions on a low level of production and create lesser number of shareholders as compared to its large business counterparts. Thus, some ventures are incapable of grasp the advantages of the market scale and are therefore safeguarded by their respective governments. A consistent capital flow, frequent development and invention of advanced technology can help in developing the venture in a smart way besides guaranteeing their market presence. Business insurance plans are essential instruments which provide monetary security to the owner and its stakeholders but the retirement plan under this policy also helps in providing long-tern retirement benefits to its employees as well.