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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.
Events present substantial liability risk to organizers and venues. Consequently, most venues require the organizers to obtain blanket or event-specific general liability insurance of an amount not less than $1,000,000 per occurrence and $2,000,000 aggregate, which is the industry standard. [4] [5]
Directors & Officers Liability Insurance: Introduction [3] PLUS University is a two-day, classroom-style instructional event designed for new entrants to the professional liability industry. [ 3 ] The curriculum for PLUS University is drawn from the RPLU modules, and courses are led by experienced members of the industry.
And basic liability insurance — the minimum required by law — only covers damage you cause to other people and their property. Even with comprehensive and collision coverage added in, there ...
Product liability: This type of liability insurance protects a business from lawsuits in which someone claims a loss or injury caused by a product you make or sell. Why small businesses should have it
Do you regularly purchase ticket insurance for concerts or big events? Amid the COVID-19 pandemic, many event patrons began making it a habit to purchase ticket insurance as a financial buffer. If ...
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