Product liability insurance is crucial protection against financial lossesfor small businesses operating on tight margins. Without it, a single product liability claim could lead to bankruptcy. Product liability insurance covers various potential issues, from design defects to negligence. For example:...
Small Business General Liability is a liability insurance agency committed to providing the best coverage to contractors, freelancers, and small businesses in the US.
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It's essential for small businesses to have general liability insurance because it helps protect your assets and can prevent the financial ruin of your business in the event of a lawsuit or liability claim. The specific coverage limits and terms of a policy can vary based on the insurer, so ...
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fee should purchase this form of insurance. An E&O policy does not cover criminal prosecution, fraudulent or dishonest acts, or claims against bodily injury. The insured, however, is covered for attorney fees, court costs, and any settlements up to the amount specified by the insurance contract...
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 ...
Business.com earns commissions from some listed providers. Editorial Guidelines. Why are employee lawsuits on the rise? With employee lawsuits on the rise, small businesses should consider purchasing employment practices liability insurance (EPLI). EPLI protects your company if current, past or ...
Professionals such as accountants, architects, information technology specialists, doctors, and professionals that contract their services use this insurance. On average, PLI costs between $600 and $1,200 yearly, much less than a lawyer, court fees, and related expenses. ...
Insurance for Contractors Starting a business as a contractor is not an easy undertaking, and you should prepare well. It does not matter whether you are a start-up, a large or small business owner. You have to protect your business from potential liabilities. You need to carry validcontracto...