Directors and Officers Liability Insurance (D&O) - Lead with Peace of Mind Coverage under a Directors' and Officers' Liability Insurance Policy (D&O) has traditionally secured to protect the personal assets of individual directors and officers. Personal liability is created by more than 200 pieces of legislation and a growing body of case law, and it is government's and society's attempt to motivate appropriate corporate behavior....more
Investors and business owners do always consider the protection they have for their business. Also, they tend to worry so much on lawsuits and unethical creditors. Proper operation and managing of business with the help of a reliable insurance will be of a great help.It is advised that business owners should take a look in the three main forms of asset protection that the limited liability company provides. In some cases the liability protection...more
Liability insurance is critical for individuals who are self employed. Liabilities are essentially anything that individuals may be held accountable for in court. For example, if you own a facility and someone slips and injures his or herself, you could be held liable in court. Lawsuits are becoming more and more commonplace, and with this trend, self employed liability insurance is also becoming more common. The two main roles that liability insurance has is to defend, and to indemnify. When one with liability insurance is sued, the duty to defend comes into play. Individuals can contact their insurance provider and sending them a copy of complaint, along with an explanation and reference to what parts of the policy pertain to his or her specific case. Conversely, indemnification involves the insurance company paying the amount to which the defendant is held responsible. The insurance company will pay in accordance with the stipulations set in the insurance plan. Self employed liability insurance is practical, because if a self employed person is sued and found guilty who does not have coverage, the sum will undoubtedly be quite hefty. There are, however, certain instances in...more
When you are a self-employed there are many reasons why you should purchase self employed liability insurance. This form of insurance will protect you and your company from claims due to any type of damage or injury that may occur during the operation of your business. This type of policy provides coverage for legal expenses, medical expenses, and...more
Without self employed liability insurance, independent contractors are taking chances with their financial futures. Consultants and freelancers span all industries, but none are immune from lawsuits. Clients can sue for gross negligence, bad advice, damages or losses. Any member of the public can claim injury due to a product or service. Either...more
We live in a litigious society today. Even if you are self-employed, you need to have self- employed liability insurance to cover any potential lawsuits. It is actually more important for a self-employed individual to have this coverage since the total sales, less taxes, is what the self-employed person lives on. Unfortunately, people will file a lawsuit, regardless of how frivolous it may seem to be, hoping that the person being sued will simply settle it. Sadly enough many do just that in order to avoid publicity or any other situation that may put their business in a bad light.Anyone who is self-employed and brings the public into his or her place of business needs self-employed liability insurance. It does not matter whether your business is located out of your home, on an office that you rented on Main Street. If you are operating your business out of your home, you will need to have separate coverage. This will be a policy complete separate from your homeowner's insurance. If a customer comes to your home, and you do not have a separate policy, the insurance company will likely deny your claim because it occurred when you were conducting business.The amount of self-employed...more
In today's ever changing economy, lawsuits are filed by dissatisfied customers and disgruntled contractors on a regular basis. Civil lawsuits are often filed against unprotected, ill-prepared, small business owners. In many situations, these...more
The opportunity to work from home or be self employed in general is considered a blessing. However, that same blessing brings responsibilities that you would not usually have to deal with working at a regular 9-5 job. One of these responsibilities is...more
As the economy continues to sputter, people start to run out of unemployment benefits and job prospects are slim, more people are considering self-employment. Whether this be as an independent contractor in a particular field or opening their own...more
Self-employed liability insurance is insurance used to provide the self-employed with protection against lawsuits. General policies are available and can cover instances of libel, and slander, as well as many other types of potential lawsuits....more
There are many benefits to working for oneself. Some of the main reasons people choose to be self employed include extra freedom, income potential, and the appeal of owning a business. It's a completely different experience from working for...more
For the self employed, liability insurance is no optional luxury. It is an essential business expense and is often a requirement for working with other business contractors, especially in the building trades. This type of business coverage pays for...more