Public liability insurance is business insurance that covers claims made by the public that happen in connection with your business. Learn when you need it.
What is the difference between an unenforceable contract and a void contract? What is a contingency variable? What is wrongful interference with contracts? What is a franchise agreement? What is contractual capacity and who cannot legally enter into a contract?
what contractual risk transfer does how you can manage contractual risks Types of contract risk Before you can assess contractual risk, you need to understand the various risks in a contract: Financial risk: Financial risk is the loss of money, whether it affects your top or bottom line. The...
Even if you’re a renter, this type of insurance can still be beneficial as it offers protection for situations that may not be covered by your landlord’s insurance policy. Ultimately, personal liability insurance is designed to safeguard your financial well-being in the face of unexpected ...
Excess Liability Cost The cost for purchasing excess liability is nominal in comparison to the amount of protection it affords. According to the Insurance Information Institute, the cost of $1 million of personal protection is around $150 to $300, as of publication. The second ...
Introduction to the General Liability Policy What Is Contractual Liability? Liability Deductible vs. Self-Insured Retention (SIR)
1. Explain the right of subrogation. 2. How does this feature help lower insurance costs? Describe the two components of liability coverage in an auto insurance policy. What is the responsibility of the insurance company that sells you a policy? What is...
A contractual job is employment that requires you to sign and agree to terms of a contract before you begin working. Contractual work is usually for a specified amount of time and ends upon completion of a project or assignment. Some employers prefer to hire contractual workers if their work...
What Is Indemnity? Indemnity is a comprehensive form of insurance compensation for damage or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for damage. Indemnity is a contractual agreement between two parties. In this arrangement, one...
Liability insurance is critical for those who are liable and at fault for injuries sustained by other people or in the event that the insured party damages someone else'sproperty. As such, liability insurance is also calledthird-party insurance. Liability insurance does not cover intentional or cr...