Partyka, Paul
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...
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...
For many people, the words “personal liability” can be very confusing. In certain parts of the world, when you purchase an insurance plan, it will include personal liability coverage. This benefit may also cover you in the event that your property is stolen or for ...
2.Liability coverage 3.Employee insurance Here are three commontypes of business insuranceand what they cover: 1. Commercial property insurance Commercial property insurance covers damage to your business property by way of fire, storms, theft, and other property-related events, depending on the poli...
Getting into an accident without collision or comprehensive coverage is no fun either. But if you did damage to just your vehicle, at least you’d only be financially responsible for the value of your car. But if you’re responsible for an accident without enough liability coverage? That coul...
Renters insurancetypically includes the following coverage types: You may also have the option to add things like identity theft coverage,pet liability coverageandscheduled personal property coverageto your policy. If you are unsure what coverage types to consider, talking to a licensed agent could he...
Loss of Use Coverage: If your home becomes uninhabitable due to a covered peril, loss of use coverage can help pay for additional living expenses, such as hotel bills and restaurant meals, while your home is being repaired. Liability Coverage: Liability coverage protects you against legal actions...
When a claim of professional negligence is made, your E&O policy will cover the legal defense, judgments, and settlements up to the policy’s limits. It’s important to note that professional liability insurance is a claims-made policy. This means that the policy must be active at the time...
If a fire, storm, or theft damages your property, it helps cover the repair or replacement costs. For homeowners, this often includes coverage for the structure of the home and any additional structures like garages or sheds. Casualty insurance: This focuses on liability coverage. It protects ...