All unforeseen risks will be covered by general insurance. Under general insurance, the following dangers would be covered: Accidents, Illness, Fire, Securities in the Financial Sector, Burglary & Property Loss. General Insurance will give you with much-needed protection in the event of such unforeseeable disasters. Unlike Life Insurance, General Insurance is designed to safeguard against unexpected events rather than provide a profit. Some types of insurance, such as motor insurance and public liability insurance, have been made mandatory by particular Acts of Parliament.