For example, food product liability insurance is likely to be more comprehensive than that for companies that produce bedding or fabric. Man climbing a rope The current insurance laws and regulations in the country where the business is headquartered also help to define the scope of this type ...
Product Liability Insurance indemnifies the insured against all sums which the insured becomes legally liable to pay in respect of accidental bodily injury or illness to third parties, and accidental loss of or damage to third party property, arising out of the use, consumption, or handling of ...
Product liability insurance is one of the options that can be included in abusiness insurancepackage. It can cover your business if someone makes a claim against you because you supplied, made or designed a faulty product or even gave it away for free. If a customer was injured or suffered ...
Liability insurance may provide protection if you're found liable for someone's medical bills or property repairs. Learn more about liability coverage.
The last is the product liability insurance. Small business that sells and manufactures products must be protected in situations when a person who used the product accidentally injured his or herself.The coverage amount and the risk level depend on the type of your business. For instance, a ...
A pure excess liability insurance policy strictly provides additional limits above the primary policy; it does not provide additional coverage. If the primary policy provides coverage for a particular claim, so does the excess liability policy. If it is not covered under the primary policy, it is...
An umbrella liability policy can be a good idea for individuals as well as companies. The liability limits on your homeowner's or renter's insurance and on your car insurance just might not be enough if someone is killed or seriously injured. (According to the movie A Civil Action, permanen...
Is Public Liability Insurance Valuable? Running a business might be the greatest path to financial freedom. But it’s not always a flat path. Some unforeseen disasters can happen, causing havoc to your business and your personal life. But as they say, it’s better to be safe than...
Personal liability insurance is one type of a broader coverage category known asliability insuranceor "third-party insurance." Several varieties of liability insurance exist, but they all have in common one crucial element: They cover not mishaps to you but mishaps to other people that you inadver...
Depending on the type of business, 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' endorsemen...