Ads
related to: product indemnity vs public liability cover insurancereferalanswer.com has been visited by 100K+ users in the past month
doublescout.com has been visited by 10K+ users in the past month
Search results
Results from the WOW.Com Content Network
The primary reason for professional liability coverage is that a typical general liability insurance policy will respond only to a bodily injury, property damage, personal injury or advertising injury claim. Other forms of insurance cover employers, public and product liability. However, various professional services and products can give rise ...
Public liability is part of the law of tort which focuses on civil wrongs. An applicant (the injured party) usually sues the respondent (the owner or occupier) under common law based on negligence and/or damages. Claims are usually successful when it can be shown that the owner/occupier was responsible for an injury, therefore they breached ...
For example, in California indemnification clauses do not cover certain risks unless the risks are listed in the contract, but in New York, the brief clause, "X shall defend and indemnify Y for all claims arising from the Product" makes X responsible for all claims against Y. [13] Indemnity can be extremely costly since X's liability insurance ...
The types of risk that a captive can underwrite for their parents include property damage, public and product liability, professional indemnity, employee benefits, employers' liability, motor and medical aid expenses. The captive's exposure to such risks may be limited by the use of reinsurance.
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.
However, if someone is injured in your unit, the liability coverage on your condo insurance or co-op insurance could pay. Injuries and subsequent legal fees can be expensive, so consider the ...
Ads
related to: product indemnity vs public liability cover insurancereferalanswer.com has been visited by 100K+ users in the past month
doublescout.com has been visited by 10K+ users in the past month