Benefits of Business Liability Insurance Get business liability coverage Pay defense costs If you're accused of causing harm to a person or their property, business liability insurance may help you pay the costs associated with a legal defense. ...
Liability insurance can help you cover costs associated with a worst-case scenario of you getting sued. Protect Your Legacy If you or one of your founding partners falls critically ill, you may need protection for the legacy you have created. Company protection insurance can cover your business ...
Professional Liability insurance (also known as Errors and Omissions, or E&O coverage) is a separate type of insurance that protects your business against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services. Professional Liability insurance ...
Business interruption insurance (also called business income coverage) is typically bundled together withgeneral liabilityandproperty insuranceinto a Business Owners Policy,also known as BOP insurance. However, it can also be purchased under a more comprehensive, dedicated property insurance policy. ...
General liability insurance includes coverage for medical payments when someone other than an employee is injured on your business’s premises. When an employee is injured at work, workers compensation will pay their benefits. The injured person doesn’t need to file a lawsuit to collect compensatio...
Your business liability insurance will help you cover the cost of the medical expenses. . As you’re expanding your business scope, you may need to consider increasing your liability coverage. 2. Commercial Property Insurance: This insurance covers the business's physical assets, as well as its...
Though property, liability, disability, and other types of insurance can provide businesses with protection against specific risks, most policies do not cover the indirect costs associated with losses. When a small business suffers a loss, as in the case of property damage in a fire, it may ...
Employee benefits liability insurance is there to cover mistakes in handling employee benefit plans. Errors can lead to big financial and legal problems for companies. Imagine an admin slip-up causing someone to miss out on their health coverage, forcing them into hefty medical bills, or even spa...
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equipment; business income insurance, whichcovers lost income; professional liability insurance, which covers lawsuits against a business; workers' compensation insurance, which covers benefits paid to employees if they are injured on the job, and data insurance, which covers losses from data breaches....