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Product liability insurance. Pays legal fees and settlements (up to your policy limits) if you get sued for a covered product-related cause ... That said, your small business insurance cost ...
The cost of small business insurance depends on several factors, including your company's location, size and industry. BOP coverage, which bundles common insurance types onto one simple policy ...
An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).
The overwhelming majority of countries have strongly preferred to address product liability through legislative means. [2] In most countries, this occurred either by enacting a separate product liability act, adding product liability rules to an existing civil code, or including strict liability within a comprehensive Consumer Protection Act. [2]
Product liability insurance is not a compulsory class of insurance in all countries, but legislation such as the EC Directive on Product Liability (25/7/85) and the UK's Consumer Protection Act 1987 create a strict liability regime "without fault", [21] and businesses manufacturing or supplying goods often carry some form of product liability ...
If you have to file a liability claim and the loss exceeds the limit of, say, your home insurance policy, your umbrella policy could kick in to provide additional coverage for your legal costs. It ...
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