Can I Change My Business Insurance or Professional Liability Insurance Limits as my Needs Change? Many small business owners purchase higher limits on their errors & omissions insurance because their client contracts require it. But what about when those contracts expire? Is it a good idea to save a little money by reducing your professional liability policy limits? Or, what if you already have coverage, but a new contract requires a...more
Professional Liability Insurance Overview - Pt2 Professional Liability 101 - Part 2Common Questions & AnswersOverall:The following information is offered as general information, it is not intended nor does it replace a thorough understanding of your owncoverage or supersede the actual language of any insurance policy. Also keep in mind that Professional Liability policies are not standard, every onevaries. The terms and definitions...more
Public Liability Insurance for Tradies If you're considering Public liability insurance Australia, look for a company that excels in arranging public liability insurance for tradesmen. Of all insurances, Tradesman public liability insurance is arguably the most critical. The bottom line is that if an incident happens on the worksite and you don't have public liability insurance for tradesmen, you run the risk of being liable for thousands or even millions of dollars. The sole purpose of Tradesman public liability insurance is to protect the tradesman or sub-contractor against financial claims in the event of damage to property or injury to people, other than employees, that has been caused by the tradesman or their staff.While the industry minimum standard for public liability insurance cover is $5 million, there's a growing demand for $10 million public liability insurance.A small investment – the public liability insurance cost – can save a huge headache later, and potentially your business. Read on to find out more about cheap public liability insurance and the tradies insurance package.And remember, insurance representatives are always happy to answer...more
Risk Sharing through Insurance Liability The existence of risk creates the need, or at least the desire, for insurance. So what is insurance? Insurance is a legal and contractual arrangement for risk sharing, the spreading of risk among people who share a common potential for financial loss. The insurance contract is heavily regulated by...more
Contractors Liability Insurance California is useful because you can plan of a work without insurance but you cannot perform your action without a Contractors Liability Insurance California. The cost of the insurance varies because there are different types of the liability and the building which a contractor wants to build. It can be millions. The...more
Contracting business has its intimate relation with workers. If you are going to start this business then it is essential for you to hire workers. Like every business this business also comprises some risks along with profit. In a manufacture location there are a number of accident scopes. At any time workers can face any kind of accidents. Most of the times these workers do not ensure insurance for them and for this you will naturally have to compensate a he amount. But if you go for Contractors Liability Insurance California, it will never let you to face such awkward situation. For this one can possibly take the necessary help of insurance firms. Construction sites are very much accident prone. Any kind of major and minor accident can take place at any time which is considered risky for a business. Contractors Liability Insurance covers some certain areas which are very much necessary to follow.First of all on will have to ensure an amount of nearly1 million and this amount can be even more than that for the insurance policy. Regarding the amount of money you are advised to discuss with the insurance firm whom you have hired for insuring. You must keep a minimum amount otherwise...more
Being a business owner means that you are legally responsible - liable - for anything and everything connected with your business. Besides the normal liability you take on with your products or services, you are even liable for damages if someone...more
Error omission insurance, more commonly referred to as errors and omissions or professional liability insurance, is a specialized business liability insurance policy designed to protect professionals in all industries. Business professionals who are...more
S Corporation Versus Limited Liability Company Copyright (c) 2010 Michael JagodaThe LLC is a hybrid entity that combines the personal liability protection of a corporation with the operational ease of a sole proprietorship or partnership. It...more
If you're self employed, the law regarding most industries is that you take out liability insurance on yourself, whether you employ others or not. Self employed liability insurance works differently from other forms of insurance, protecting you...more
Understand the Exclusions of Your General Liability Insurance Policy – Don't Be Left Uncovered There's a lot of peace of mind that comes from knowing your small business is insured. But it is important to understand your...more
A new light on liability insurance I was researching on the different types of insurance such as medical insurance and I came upon liability insurance. I wasn't really sure I knew much about it so I dug deeper.Business liability insurance...more