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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 ...
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.
The reply, "Uh…khakis," made this the iconic, simple ad that introduced audiences not only to Jake, but to State Farm insurance plans. Rand Harbert, Chief Agency Sales and Marketing Officer ...
Errors and omissions insurance (E&O) is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third-party administrators (TPAs) and other business professionals. Prize indemnity insurance protects the insured from giving away a large prize at a specific event.
The first is for the state's FAIR Plan, the insurer of last resort, to increase its maximum coverage for residential properties to $6 million from $3 million and include liability insurance.
State National manages all aspects of the insurance business cycle, including sales and marketing, policy issuance, policy administration, underwriting and claims handling. State National services portfolio protection insurance clients through InsurTrak , the company's proprietary technology platform that allows both State National and its ...
The Karaharisis settlement is the third the organizations have successfully unsealed involving PrimeCare for wrongful death lawsuits in Bucks County, where the county’s liability insurance ...
Competition exists between exclusive agents and independent agents. Exclusive agents, who are salaried employees of the insurance company, write a majority of the personal lines business. [8] However, because of the complexities involved in commercial risks, independent agents capture approximately 80 percent of the commercial lines market. [9]
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