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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 ...
In many countries, liability insurance is a compulsory form of insurance for those at risk of being sued by third parties for negligence. The most usual classes of mandatory policy cover the drivers of motor vehicles ( vehicle insurance ), those who offer professional services to the public, those who manufacture products that may be harmful ...
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of ...
The most common examples of statute liability are in areas where an individual is required by law to effect insurance, e.g. workers' compensation and motor vehicle compulsory third party. Property, hotel and operations managers should become familiar with the various types of contracts involved in commercial and retail activities.
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.
Louisiana car insurance laws. Louisiana car insurance laws require a minimum of 15/30/25 liability coverage. This coverage means you have the following protection while you are behind the wheel ...
The Louisiana Insurance Commissioner is a statewide constitutional office that regulates the insurance industry in Louisiana.The Insurance Commissioner serves as the head of the Louisiana Department of Insurance, which consists of ten divisions; Consumer Advocacy, Financial Solvency, Health Insurance, Legal Services, Licensing & Compliance, Minority Affairs, Management & Finance, Public ...
Average mortgage rates are edging down moderately week over week of Monday, January 6, 2024, though remain at elevated levels for benchmark 30-year and 15-year fixed terms, this despite three back ...