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 affected party. It provides financial security and ...
In addition, having robust property liability insurance is essential. This insurance can cover legal and medical costs arising from accidents on the property and damages to the property itself. Businesses can significantly reduce their property liability risks by combining diligent safety pr...
Any company that provides professional services could need professional liability insurance at some point—because people naturally make mistakes. But certain types of businesses are especially vulnerable to the types of events professional liability insurance covers, including (but not limited to): Lawyers...
Types of businesses that need a Liability Insurance If you’re a business owner and especially if your operations have a lot of interaction with third parties, you might benefit from getting this insurance: If your business has a lot of interactions with vendors, clients, and customers For ...
With quality coverage from an outstanding carrier overall, The Hartford easily earns our recommendation as the top choice for EPLI coverage. What Doesn't Employment Practices Liability Insurance Cover? Though employment practices liability insurance provides critical protection for businesses everywhere, it...
The article focuses on the importance of professional liability insurance in protecting businesses in Alaska. Randy Pugh, president and chief executive officer (CEO) of Alaska USA Insurance Brokers in ...
The impact of self-drive cars on the insurance industry December 22, 2020 by Polly When you think about it, the year 2021 sounds quite futuristic, doesn’t it? If the film 2001: A Space Odyssey is anything to go by, we should be a further two decades of technology on from immersiv...
Product liability insurance cost Contrary to what you might expect, product liability insurance premiums aren’t prohibitively expensive for small businesses. “They can start at a few thousand dollars a year. The premium is based on the amount of potential claims, which is based on the size and...
however, is insurance that provides coverage for a claim that occurred before the insurance policy was purchased. These policies are uncommon and usually available only to businesses.
Businesses that fall into the lower risk category may want to consider abusiness owner policy(BOP), which combines general liability and property insurance at a more cost-effective rate. Any new or additional business liabilityinsurance policiesshould contain exclusions clauses to avoid duplication of ...