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Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.
Proper insurance coverage protects your small business from unexpected circumstances and costs. Yet, according to the 2023 Hiscox Underinsurance Report, 75% of small businesses in the U.S. don’t ...
Cyber liability: For businesses that sell or store customer information online, cyber liability insurance is a must. If your information — or your customers' details — are compromised, cyber ...
For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... Many owners also choose to add business liability insurance, which steps in if there is a lawsuit ...
Business insurance can take a number of different forms, such as the various kinds of professional liability insurance, also called professional indemnity (PI), which are discussed below under that name; and the business owner's policy (BOP), which packages into one policy many of the kinds of coverage that a business owner needs, in a way ...
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.
For premium support please call: 800-290-4726 more ways to reach us. ... Many commercial insurance claims are related to burglary and theft. ... you may want to consider general liability insurance.
Commercial insurance: Commercial insurance encompasses solutions for all sectors of the industry arising out of business operations. Accident insurance: Accidents of different types are possible at any time, at any place and in case of any person or object. Persons and vehicles are more prone to accidents causing injuries and damages.