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This provider offers general liability insurance, professional liability (E&O) insurance, business owners’ policies, cybersecurity insurance, workers’ compensation, and other specialized ...
Starting your own business requires a significant investment of both time and money. Millions of people continue to step up to the challenge with 33 million small businesses active in the U.S. as ...
And it is no wonder that this sort of insurance is often legally required: The average cost of a workers' compensation claim (for 2021) was $41,757. So, what kinds of insurance do you need?
The topic of workers' compensation fraud is highly controversial, with claimant supporters arguing that fraud by claimants is rare—as low as one-third of one percent, [64] others focusing on the widely reported National Insurance Crime Bureau statistic that workers' compensation fraud accounts for $7.2 billion in unnecessary costs, [65] and ...
In the United States insurance market this is known as Commercial General Liability (CGL). It is the "first line" of coverage that a business typically purchases, [ 1 ] and covers many of the common risks that can happen to any type of business, such as bodily injury or property damage on the business premises or due to the business operations ...
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
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