Liability insurance is one type of general insurance. It protects a purchaser from the risk of liabilities and lawsuits that may arise from similar incidents. It also provides financial support to a business in the case of an injury or damage caused to a customer or client. In short, liabili...
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 ...
“Accountants, doctors, and businesses that offer advice need to have this type of insurance to protect themselves and make sure if anything happens, restitution doesn’t come out of their own pockets.” While professional liability insurance typically isn’t required, it’s highly recommended for...
Professional liability insurance can also be called malpractice insurance or errors and omissions insurance. This insurance coverage can help to protect your firm from financial repercussions if your firm is sued by a client for errors or perceived mistakes arising from the practice of law. Professiona...
Public liability insurance is designed to protect you and your business in the event it is found responsible for injury to or property damage of a member of the public. It's an important type of insurance to consider for businesses of all sizes, across a variety of industries. ...
Employers liability insurance is often purchased with workers' comp., though sometimes the two coverages are sold separately. This coverage helps businesses pay for the cost of lawsuits related to employee claims of injury or illness resulting from their job duties or the work environment. Typicall...
So, if your approach to small business insurance is, "We won't carry it, but we'll be really careful in our operations," you can end up with a large bill even if a lawsuit is baseless. Types of Business Insurance: Common Claims Against Small Businesses and How General Liability Insuranc...
D&O insurance can help to cover your legal defence costs and possible settlements in the event of a regulatory or company investigation, a defamation case, corporate insolvency, workplace injury, a privacy or data breach, harassment, criminal allegations, and more. For businesses, providing D&O li...
Businesses can significantly reduce their property liability risks by combining diligent safety protocols with comprehensive insurance coverages. This proactive approach safeguards against financial loss and creates a safer environment for customers and employees. ...
professional liability insurance may have different names, such as medicalmalpractice insurancefor the medical profession orerrors and omissionsinsurance for real estate agents. Professional liability insurance is a specialty coverage not provided under homeowners' endorsements, in-home business policies, orbu...