What you should Know About Business Liability Insurance Every entrepreneur must be aware of every angle in their business. Not just the operations, finance and marketing side but also the legal matters involved. Whether you have a small business, medium-sized or a large company, it is imperative to have business liability insurance. What is business liability insurance? It is a type of insurance that protects a business if in case there is...more
If you own your office building then it is vital that you make sure you have sufficient insurance to cover you in case of problems with the building and its contents. When you own a house you need insurance in case of unexpected events result in the damage or destruction of your building and the same kind of thing applies with premises that are used for business.You need to insure your business, your business premises and the equipment that is...more
There are different types of commercial insurance you need, if you own a business in the UK. Understanding the types of liability insurance is important. You are required to carry public liability insurance to protect the general public and the employer's liability cover to protect your employees. When you want to protect your business, there are three categories to consider about liability insurance. They include general liability, which includes employees and general public. Professional, which includes errors and omissions when offering advice to the public. And product liability, which protects the general public and your business in the event of injury caused by your products.Essentially, the term used to refer to any potential loss suffered by a person or property damage that is caused by the negligent acts of your business or employees, whether intended or not. You might choose to compensate the injured party for minor claims, but for major liability claims, you want the protection of insurance cover. For this reason, all businesses need public liability insurance, as well as employers' liability cover because it is hard to protect against these larger claims. It...more
As a contractor you'll spend most of your time working on a clients premises and come into direct contact with their employees or customers. Have you ever thought what would happen if you accidentally damaged their property or injured one of their employees? In today's litigious age its all to common for people to take legal action if...more
Lawyers Professional Liability Insurance – Why Does It Cost So Much? In this article, we are going to review the application for lawyers professional liability insurance as it impacts the final cost of your insurance with the hope that you will know the impact of your answers and what information you can provide to help underwriters offer...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 business.Business insurance must be tailored to the kind of business that you are running. Sometimes this is not properly understood. For example, let's consider a situation where you are running a home based business. Your home is you office. Many people like you imagine or assume that they don't need to purchase separate business insurance because their home owner's insurance will cover them and their business assets. This is, however, usually not true. You probably will not get enough cover from your home owner's policy.What you would actually want to do in your situation as someone with a home-based office is to look up companies that specialise in providing insurance policies designed just for your situation. Each and every home-based office is different, of course. So no two insurance policies to cover those who work from home will be exactly alike.You might need any number of personal computers covered. You might need a fax...more
Cover Your Business With Public Liability Insurance If you have set up in business then there is obviously a multitude of things that you need to start thinking about sorting out to enable you to trade properly. One of the first things that...more
Hedge Fund Liability Insurance -- Tricks You Might Not Know Hedge fund liability is a huge topic right now in financial circles. With the legal community hovering over hedge fund managers waiting for the slightest mis-step, and clients suing...more
Business has always its downtime during its course. Though it might have a good start, it might not always have a good proceeding. Some downfalls may be benign and some may be very malign. It all depends on the nature of the business. It is for this...more
Directors and officers insurance is increasingly important in a world where litigation is more prevalent. This kind of specialized policy is intended to serve two functions. It protects the leaders of a business from being held financially liable for...more
Contractors Liability Insurance California -At Service If you have decided to start up a contracting business for yourself then you have to employ workers for the sake of that business. If you have hired workers then you have to think for...more
Limited Liability Company – LLC A Limited Liability Company, orLLC is a legal form of business organization with daily activities like a partnership but with limited liability similar to a corporation. The Limited Liability Company or LLC is...more