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. ...
Though harm to the public by your business could be purely accidental, your business can still get sued for it — and lose a lot of money without the right coverage. That’s why having general liability insurance is so important. Fortunately, an independent insurance agent can help you find...
What Are the Benefits of Personal Liability Insurance? With personal liability insurance, you can have peace of mind knowing you’re covered if someone is injured on your property. You’re also protected if you accidentally injure someone on their property or cause damage to their property. Perso...
Personal liability insurancecovers certain expensesif you are found negligent for someone else’s injuries. These expenses include: Pain and suffering Lost wages Death benefits Bodily injury Property damage Incidents covered by personal liability may include, but are not limited to, the following scenari...
Benefits of personal liability insurance Liability insurance is designed to help protect your finances if you are found negligent for another’s injuries or damage to the property of others. Medical bills can add up, but when you add on the cost of legal representation, pain and suffering, and...
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...
Benefits of Employer’s Liability Insurance 1. Displaying coherent compliance with the law To be protected by the law, it is important to show compliance. The employer displays a show of trustworthiness by participating in the provincial workplace compensation fund and getting employer’s liability ...
Building Your Business Business InsuranceUnderstanding Employee Benefits Liability CoverageBy Marianne Bonner Updated on January 23, 2019 Photo: filo/Getty Images Like many companies, your firm may offer employee benefits like health insurance or vision care. A good benefits package can help you ...
Product liability insurance protects you from potential legal and financial consequences: This insurance provides third-party coverage, meaning:Payments for damages go to those affected or injured (the third party) Your business (the first party) is shielded from direct financial impactWhat does ...
Liability may also refer to the legal liability of a business or individual. Many businesses take out liability insurance in case a customer or employee sues them for negligence.1 Current vs. Non-Current Liabilities It's a long-term liability if a business takes out a mortgage that's payable...