Product liability insurance can cover damage that may have been caused by your product, including: Court costs from a lawsuit. Injury claims associated with a lawsuit. Property damage caused by a product. No matter where your business falls in the lifespan of a product, from design to manufact...
Product liability insurance protects your business from legal claims of bodily injury or property damage caused by products you make, distribute, or repair. It safeguards you from costly lawsuits if your product unintentionally harms someone. While some cases of injury or damage are covered under gen...
Commercial general liability insurance is a broad type of insurance policy that covers a range of risks that a business faces. These risks include: A business that does not have this coverage is susceptible to lawsuits for third-party injuries. For instance, a broken toe lawsuit could result in...
Discusses the importance of applying for a liability insurance plan for people who would like to start their own business. Ability to protect businesses from lawsuits; Ways of obtaining coverage; Need to get coverage ...
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...
What's the difference between 'fascism' and 'socialism'? Popular in Wordplay See All What do SCOTUS, POTUS, and FLOTUS mean? More Words with Remarkable Origins Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments ...
What's the difference between 'fascism' and 'socialism'? Popular in Wordplay See All What do SCOTUS, POTUS, and FLOTUS mean? More Words with Remarkable Origins Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments ...
ASCP also offers an optional Business Personal Property (BPP) insurance policy as an add-on. Through ASCP, you can insure your equipment and products for up to $10,000 at a cost of just $99/year in addition to your annual membership. Need even higher limits? We got you. ASCP also off...
Understanding Business Liability Insurance 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...
Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises.1 Commercial general liability insurance...