That’s why having general liability insurance is so important. Fortunately, an independent insurance agent can help you find the right type of business liability insurance to protect your business against lawsuits and legal troubles. But first, let's take a deep dive into business liability ...
Liability assumed by a party under acontractby express language, implication, or operation of law; includes not only the obligation of a party to perform in accordance with the contract but also such other obligations as may be assumed, e.g., those arising from indemnification orhold harmlesscl...
Commercial liability insuranceis a standardcommercial general liabilitypolicy also known as comprehensive general liability insurance. It provides insurance coverage for lawsuits arising from injury to employees and the public, property damage caused by an employee, as well as injuries suffered by the negl...
There are two types of general liability contractor’s insurance determined by the claims that cover: occurrence and claims-made. Occurrence policies work for claims that arise during the policy period and are independent of the time of claim filing. On the other hand, claims-made policies provid...
Contractor General Liability Insurance It is a unique type of contractor insurance for professionals and small business owners. For a reputed contractor, you can pick a particular type of contractor cover. General contractor liability insurance will protect you against bodily injury, product liability, ...
Commercial general liability insurance covers injuries to a person or property damage that occurs on the premises of a business. CGL policies cover claims of property damage, personal injury (such aslibelorslander), bodily injury, andadvertising injury.2 ...
Similarly, the cost of an umbrella policy will depend on how much coverage you purchase. In general, it costs an average of $400 per year for $1 million in umbrella coverage. Learn more:Affordable home insurance companies Who needs personal liability coverage?
For example, your business package policy may include commercial general liability insurance written on an occurrence basis. Your employee benefits liability, professional liability and employment practices liability insurance will use the claims-made coverage trigger....
General Liability insurance is designed to provide coverage for these 3rd party claims as well as provide coverage for legal defense expenses. Attorneys may cost over $1,000 per hour, wouldn’t it be nice to know these are being paid for by a properly covered insurance policy. ...
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