Commercial general liability insurance provides the insured with coverage for common liabilities. It covers your legal fees in the case of lawsuits and pays out damages on your behalf if you’re found liable, up to the maximum limit set by your business insurance policy. Almost all businesses in...
Additionally, a commercial umbrella policy are either “stand-alone” or “following-form[9].” A stand-alone umbrella policy is the typical commercial umbrella policy, which can be purchased discretely from the primary liability policy. These policies offer limited coverage without an underlying prim...
What Is Business Owner’s Policy Insurance? A Business Owners Policy bundles essential insurance policies for small and medium-sized businesses. While policies may vary, the three core protections are typically general liability, commercial property, and business interruption coverage. In bundling these ...
Sokolove Law is a law firm with extensive experience across a broad range of personal injuries, including many product liabilities and medical device injuries. Product liability lawsuits happen after goods with known defects cause someone harm. Those who have suffered may be able to seek ...
Commercial lending is the process of loaning money to a business, partnership, or limited liability corporation. Some commercial...
a. Explain the basic characteristics of universal life policies. b. Explain the limitations of universal life insurance. What are the benefits of insurance to individuals and to society? What is a package policy? Explain the advantages of a co...
Small business owners and self-employed individuals can use a Schedule C form to report profits or losses from a business. When you file your taxes, you can attach Schedule C to your regular 1040 form. If you recently became self-employed or started a bu
Virginia is increasing requirements for bodily injury liability and personal damage liability to 50/100/25 on Jan. 1, 2025. Do I need more than liability car insurance coverage? Having more coverage than a liability policy may not be required by your state, it could help you pay to repair ...
A commercial package policy (CPP) is an insurance policy that combines coverage for multiple perils, such asliabilityand property risk. A commercial package policy allows a business to take a flexible approach to obtaininsurance coverage. The benefit of CPP is that it may allow the business to ...
Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises.1 Commercial general liability insurance...