Business-Liability Insurance Coverage for Defense Costs of Patent-Infringement LitigationNew York
Small business owners put their personal finances at risk in the event of a business-related lawsuit. Partnerships andsole proprietorshipsare particularly vulnerable to exorbitant expenses and are consequently in the greatest need of this type of insurance coverage. Even under the structure of alimited...
The cost of commercial general liability insurance depends on the size of the business being insured, the riskiness of its business operations, and the amount of coverage needed. Some insurers say that their clients pay between $300 and $600 for a million dollars of insurance coverage. Others ...
What Is General Liability Insurance? General Liability Insurance covers your business when faced with claims of bodily injury, associated medical costs and damage to property that occurred as a result of your business operations. We shop for you! Compare rates from +10 top carriers What General Li...
How Does Liability Insurance Work? Step #1:The individual or business purchases a Liability insurance policy from an insurance company. The policy will include specific terms and limits for coverage. Step #2:If the individual or business is in an incident that causes harm or damage to another ...
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. ...
How to get professional liability insurance If you already have other types of business insurance and need professional liability coverage, try your current insurance company first and see if they can cover you. If not, shop around with a few different insurance companies and see who gives you ...
Commercial general liability insurance provides the insured with coverage for common liabilities. It covers your legal fees in the case of lawsuits and pays out damages on your behalf if you’re found liable, up to the maximum limit set by your business insurance policy. Almost all businesses in...
This may be the type of liability insurance that your business may need.The professional liability insurance however protects the business against errors, malpractice, negligence, as well as omissions. For instance, doctors need coverage to practice medicine in certain states while the technology ...
Wrongful termination used to be covered under regular business owners' liability insurance. In some cases, insurance companies had to pay millions of dollars when a client was judged to have engaged in a pattern of discriminatory practices, so they began to offer employment practices liability insura...