The Importance of Construction Liability Insurance Construction sites are one of the most dangerous places available and different harms are present. With just one wrong move, you can expect different accidents to happen that can provide you with tons of damages that you will need to pay for.One solution for this problem will be to acquire a construction liability insurance which insures you whenever any accidents occur that result to the...more
If you have a business or plan to have one in the near future, you need commercial liability insurance coverage. It will protect your business from common claims of all types. It is always better to have too much than too little coverage.Because your business is always at risk, every day of the week, you should want to protect it at all costs. This type of insurance protect against physical damage and property damage. And it will not let your...more
Public liability insurance is a form of general insurance policy that offers fiscal cover to protect a policyholder from financial impairments payable to a third party in event of accidental injury, disease or death. The insurance policy also handles damages caused to another's property because of your business. This insurance policy also covers legal fees or different expenses that a policyholder may have acquired while defending claims filed by a third party. However, a public liability insurance policy does not treat contractual liabilities or intentional damages.Public liability insurance is compulsory for proprietors, users or hauler of substances that could possibly be hazardous to the environment. Prior to the purchase of public liability insurance, they should check public liability insurance quotations offered by insurance firms.Public Liability Insurance: Factors Affecting PremiumA company bases the premium for public liability insurance on:- The type of business.- The business' activity level. While for most businesses the activity level can be based on the turnover, other factors can also be used. For example, premiums for a hotel might be calculated on the...more
Umbrella Insurance for Excess Liability CoverageUmbrella liability insurance for small businesses which is better known as excess liability insurance is a specific kind of insurance protection that provides extra protection when you force to exceed your general insurance limits on a policy taken for business purposes.How Does it Work?For getting...more
A person who owns any type of property such as a business, home, apartment building, or even a boat are required by law to maintain that property in a safe manner. If you are injured due the negligence of a property owner then you might have a case for a premises liability lawsuit. All types of properties are covered. Home and business owners are...more
If you are an officer or a director at a company - be it a large corporation or a small enterprise, you are at risk of possibly facing high legal fees if someone should happen to file a claim against you. You would, in fact, be responsible for paying any legal fees straight out of your pocket if you are not carrying the right type of insurance. Directors and officers insurance is a special type of coverage that protects you, as a high ranking business person, against any claim made against you as a result of a real or an alleged wrongful act of some type on your part, which occurred while you were carrying out your job responsibilities. It is very common today, due to a high degree of competitiveness in the business world, for all types of people from direct competitors to shareholders to put a lot of weight on the decisions you make as a director or an officer of your company. For reasons that are often unclear, it is not uncommon for a person holding an important position within a company to have claims filed against them directly and not against the business that they represent. Legal action can be taken quickly nowadays, and once a claim has been filed and is in the works,...more
No matter what kind of company you have - for profit, non profit, or publicly traded, its directors and officers will still be prone to various liabilities related to their duties. This is where directors and officers insurance comes in. It can be...more
Directors and officers of all companies, both small and large, are at risk of the possibility of facing high legal costs due to claims being filed against them. These top ranking business personnel would have to finance the legal fees themselves if...more
Dog Bites and LiabilityIn the U.S. millions of people own dogs which have resulted to be the most popular pet. Dog parks, dog runs, and doggie day care are all extremely popular places for these pets, and owners of these animals spend thousands of...more
Renters Liability Insurance - Beneficial Information Concerning Renters Insurance Liability CoverageRenters beware. Your landlord is not accountable for losses or damages to your personal belongings. Landlords liability insuance won't cover you...more
Employers, Products and Public Liability Insurance - when is it needed?In the UK, as far as business insurance is concerned. You have two options. The first option is to take a policy out in respect of the covers that you are legally required to...more
When a consumer suffers damage or loss inside the business premises because of the carelessness of the personnel or owner, the owner will be liable for that incident; this is termed as Public Liability. Therefore, public liability insurance is a must...more