A business needs to purchase general liability insurance to protect from products, advertising injury, and property damage claims. Regardless of whether you are a small or large business, you need to purchase adequate coverage to make sure that your business does not suffer financial harm, thanks to any such lawsuit.General liability insurance is an assurance against risk, providing a business protection from injury and advertising claims. Damage...more
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With the growing demand of consumer rights protection the need of a capable and efficient product liability attorney is also growing by leaps and bound. However, there are many people who dont know much about product liability and product liability attorneys and hence lose much of the compensations that they were entitled for. With this article our endeavor is to let people know what exactly product liability is, why people need a product liability attorney and what are the benefits that they will get after consulting such attorneys. So, lets have a quick look.What is Product liability?Product liability is a law enacted by the US Federal Government to ensure protection of consumers and their rights. The law states that it is the right of every US individual to seek for adequate compensation if they suffer from any side effects, injuries, accidents or any physical and psychological harassment after using a certain product. Though the law applies to every product nonetheless it is more widely used in the field of medicine and pharmaceuticals.Since healthcare products are directly pertaining to the health and well-being of human beings the US government has a tough and stringent rule...more
If you are a tradesman working in either a traditional or more unusual trade (such as steel fixing, perhaps wall papering or wardrobe installations), you'll need comprehensive public liability insurance for tradesmen. You will need to find an industry leader in providing cheap public liability insurance and business insurance specifically for...more
Since its inception about fifty years ago, D&O insurance has evolved into a family of products responding differently to the needs of publicly traded companies, privately held businesses and not-for-profit entities and their respective board members, officers and trustees.Directors' & Officers' Liability, Executive Liability or Management Liability...more
Every business always stands at the point of risk and thus to purchase insurance for their business has large significance. The company, whether large or operating in small level, always carries huge risk with it. The commercial general liability insurance policy protects the insured person against any damage whomsoever is at fault. One must understand the different coverage provided by the insurance provider company. They are of three types - liability coverage, property and employers liability coverage. Liability will not cover damage to the business or property. Further commercial general liability insurance even protects the company against any injury to third party person. In general, it covers for mainly four basic types of liabilities. They are-Damage to propertyBody or physical injuryInjury related to advertisingPersonal injuryThe property may suffer damage due to any fire or burglary. Thus at this time this options of business insurance cover will compensate for all the loss. If any worker happens to meet with an accident during working hours whether onsite or offsite, insurance provider will carry all medical expenses. It will also cover slips and trips of the customers...more
Liability insurance protects you against the nasty consequences of accidents. As you assess your insurance needs, protecting yourself, your family, your home, and your car, you should show healthy respect for Murphy's Law, expecting that whatever can...more
How to secure business with product liability insurance When launching a new business, owners should ensure that it is secured and protected. In order to maintain that the business stays on the safe side, business owners would require opting...more
LLC's provide most of the benefits available through limited partnerships but, in addition, also provide limited liability protection to ALL of the LLC members. Certain advantages of an LLC over other entities include:1. The LLC permits the...more
Many business owners don't take the time to understand public liability insurance, and could face paying exorbitant fees for damages if their policy proves to be insufficient for their needs. Public liability insurance is the most...more
Looking around the US, all but three states mandate drivers to carry liability insurance. Some states have no-fault schemes. Others add in a requirement to buy a personal injury protection policy. As the healthcare reform bill was signed into law,...more
If you are running a business or have just started running one, you must consider your insurance options. Without insurance disaster can strike at any time and leave you with a severely harmed business, perhaps even putting you out of...more