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US businesses spent another USD 13 billion on the liability portion of commercial multi-peril policies, USD 9.5 billion for medical malpractice and USD 3 billion for product liability covers. The UK is the world’s second largest market for liability insurance, with USD 9.9 billion of liability premiums in 2013. The largest sub-line of ...
In the federal judicial system, the number of product liability civil actions filed per year increased from 2,393 in 1975 to 13,408 in 1989, and product liability's percentage of all federal civil cases increased from 2.0% to 5.7% during the same period. [35]
Type of business insurance. Description. General liability insurance. Pays legal fees and settlements (up to your policy limits) if you get sued for a covered general cause. Product liability ...
Insurance underwriters, worldwide, began to refuse to sell product liability insurance to U.S. general aviation manufacturers. By 1987, the three largest GA manufacturers claimed their annual costs for product liability ranged from $70,000 to $100,000 per airplane built and shipped that year.
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 ...
Not every auto insurance company in Georgia offers gap insurance. Geico , for example, does not offer gap coverage to its policyholders. However, most of the largest car insurers by market share ...
The Georgia Electronic Insurance Compliance System or GEICS is a database of all motor vehicles and the current liability insurance carried by their drivers in the U.S. state of Georgia. It was created by the Georgia General Assembly (the state legislature ) during the 2002 session, to cut down the rate of uninsured motorists .
Reason for suspension. Cost by mail. Cost in person. Child support. $25. $35. DUI (For first offense for age 21 and over) $200. $210. Failure to appear. $90 (online payment)