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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.
Chamberlain's "myQ" technology is embedded in garage door openers and lights, [5] can be added to Wi-Fi networks to control these devices and is being incorporated into future home products, all through a monthly subscription. [6]
The insurance that employers must take out is referred to as Employer's Liability Compulsory Insurance (sometimes referred to as "ELCI"). [1] As well as being insured, employers must post details of the insurance for staff to see. This requirement applies to most companies; exemptions include public organisations and certain micro companies.
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). [1]
For liability coverage, most insurance professionals advise that you purchase limits higher than state minimum levels to protect yourself against financial strain in the event of an at-fault accident.
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 covers the other person if you cause injury or property damage during an accident. Collision is an optional coverage drivers can purchase to help cover repair costs for their ...
In May 1954, the Alliance Manufacturing Company first produced its own garage door opener and called it Genie. [2] In 1983 the company entered the home and shop vacuum market, and in 1985 it changed its name to Genie Home Products. [2] Overhead Door Corporation purchased the company in 1994. [2] The Genie Company is headquartered in Mt. Hope ...