, it will be down to the customer and their legal representatives to prove that the insurance company or agent has behaved in a provably negligent manner, and as a direct result has caused the client financial,
Choose retirement and health insurance plans Step 1: Perform market research around your idea Market research can help you mitigate risk because it lets you know how much of a demand there is for your product or service and the level of existing competition. It also provides demog...
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Consider purchasing Errors and Omissions Insurance To further protect yourself against negligence claims, you may want to buyerrors and omissions (E & O) insurance. Such insurance will normally pay the attorney’s fees for your defense as well as any damages assessed against you up to the limit...
obligations. If the business fails, the owners can file for business bankruptcy, and they don’t have to pay business creditors from their own assets. And with some exceptions, someone who sues an LLC can’t personally sue the owners. Although, it’s still recommended you haveLLC insurance....
The party making the claim may be liable for damages if it can be proven that their negligence led to financial loss. Fraudulent Misrepresentation The most severe form, where a false statement is made intentionally to deceive the other party. The injured party may sue for damages, including pun...
Why do I need professional indemnity insurance? Any individual or business that offers professional services or advice to clients should take out professional liability coverage – and for good reason. Allegations of negligence, inaccurate advice, and misrepresentation can result in exor...
Let's look at a few tactics to try in this situation. Ask the Adjuster to Justify Their Low Injury Settlement Offer The first thing to know here is thatinsurance adjustershave the insurance company's interests in mind. They're not looking out foryourbest interests. So a first (often unrea...
There are quite a few reasons your company may be sued after a lawsuit, including negligence, breach of contract, and breach of fiduciary duty. As you might expect, settlements and legal fees can range drastically depending on the scale and severity of the breach and the number of people ...
If you want to apply for a DBA (“doing business as”) or an alias to your company in Virginia, you’ll need toregister with the Virginia State Corporation Commission, which you can do online or using paper forms. Procedures depend on the county, but expect to fill out an application ...