For instance, a client might sue an accounting firm for errors in tax preparation that led to a financial loss. Similarly, a consultant could face a lawsuit for poor advice, resulting in a client’s business failure. A misdiagnosis or treatment error can also lead to severe sm...
Her lawsuit against Coca-Cola Bottling Co. shaped modern US product liability laws. Today, product liability remains a pressing concern for businesses. In this guide, you’ll learn the essentials of product liability insurance and how to protect your business. ...
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...
sizes are vulnerable to expensive claims, even if they are small and only have a handful of shareholders. In some cases, directors and officers liability insurance might be especially important for owners of small businesses, as the financial impacts of a lawsuit could have more severe ...
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Small businesses face many risks, and even one accident or lawsuit can have serious financial consequences that can jeopardize the business’s future. With general liability insurance, small businesses can have peace of mind knowing they have protection against many common risks. This type of insuran...
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The result is a win-win for both parties. Your business is protected from claims that could cripple it or lead to bankruptcy. At the same time, your employees receive compensation for injuries and illnesses sustained at work without the long, arduous hassle of a lawsuit. ...
Ideally, what a person wants to do is to hold assets in a structure, so that a malpractice lawsuit or a lawsuit related to business dealings doesn’t expose their own personal assets to the liabilities of the business.” In addition, avoiding setting up an asset strategy can be catastrophic...
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...