Insurance costs cutting into Lilac Festival ; Events across nation are facing big hikes in liability coverageAmy Cannata Staff writer
The resulting lawsuits, even if baseless, can lead to hefty legal fees and settlements. This is where General Liability Insurance (GLI) steps in as an essential shield for businesses. This article dives into the world of general liability insurance. We’ll explain what it covers, wh...
In other words: If you or your employees make a mistake—or are perceived to—and your client suffers a loss as a result and sues you for it, your professional liability insurance policy helps shield you from those costs. This type of insurance is also called errors and omissions, or E&O...
Monthly general liability insurance costs by industry. Insureon According to Insureon’s data, installation, construction, and contracting businesses pay the highest rates, while industries like photography, video production, professional services, and media and advertising typically pay less. Your coverage...
All businesses that make, sell or repair products should consider taking out a general liability policy that includes product liability coverage. On average, small businesses pay around $42 per month for product liability insurance. However, several factors like the size of the policy, industry risk...
Liability Insurance What is Liability Insurance? Liability insurance protects individuals or businesses from financial loss if they are held legally responsible for causing harm or damage to someone else or their property. It covers costs like legal fees, medical bills, and damages awarded to the ...
We’ll beat your public liability insurance price Tradespeople, get a like-for-like quote with us and we’ll guarantee to save you money.* *Excludes roofers, scaffolders and businesses with annual turnover of more than £500,000 Get a quotetrending_flat ...
widening the insurance coverage gap. In the oil and gas industry, loss costs eclipsed $1.2 billion in 2023 but the median liability limit purchased was just under $500 million. Loss costs in the chemical industry approached $1.2 billion in 2023 but the sector’s median limit was just $350 ...
Business liability insurance protects a company’s assets andpays for legal obligations, such as medical costs incurred by a customer who gets hurt on store property, as well as any on-the-job injuries sustained by employees.1 Businesses that tend to carry higher risks than traditional liability...
Liability insurance covers legal costs and payouts for which the insured party would be found liable. Provisions not covered include Intentional damage, contractual liabilities, and criminal prosecution. Liability insurance is often required for automotive insurance policies, product manufacturers, and anyone...