Tampilkan postingan dengan label Liability insurance. Tampilkan semua postingan
Tampilkan postingan dengan label Liability insurance. Tampilkan semua postingan

Liability Insurance: Options

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Personal and advertising injury: Such liability insurance coverage is provided in case of any offensive activity done by the insurer or his/her employees. Offenses can be slander, libel, dispraise or violation of copyright laws.

Employment practices liability: This type of liability insurance covers defense costs when the insurer or the employees are caught up in law suits.

Medical expenses: If anyone is injured on the premises of the insurer then such medical expenses are borne by the general insurance company on behalf of the insurer.

Tenants' liability: If there is damage caused due to fire or other covered reasons in the premises rented by the insurer; then insurance coverage is provided for such losses by the liability insurance companies
. In this way, the business of the insurer is shielded against financial claims arising out of such loss.
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Related Links

    * Employers Liability Insurance, Employer Liability Insurance
    * Liability Insurance Quotes
    * General Liability Insurance
    * Public Liability Insurance, Public Liability Insurance Quote, General Insurance


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Extent of Coverage

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Experts opine that liability insurance should be to the extent of two to three million dollars. The price that the person or company applying for the liability insurance policy pays is a function of the size of business and the risks that are tagged with it.

In the following section we list the types of insurance that are provided by liability insurance companies.

Liability

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Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage. For example, a homeowner's insurance policy will normally include liability coverage which protects the insured in the event of a claim brought by someone who slips and falls on the property; automobile insurance also includes an aspect of liability insurance that indemnifies against the harm that a crashing car can cause to others' lives, health, or property. The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the policyholder and indemnification (payment on behalf of the insured) with respect to a settlement or court verdict. Liability policies typically cover only the negligence of the insured, and will not apply to results of wilful or intentional acts by the insured.

    * Public liability insurance covers a business against claims should its operations injure a member of the public or damage their property in some way.
    * Directors and officers liability insurance protects an organization (usually a corporation) from costs associated with litigation resulting from mistakes made by directors and officers for which they are liable. In the industry, it is usually called "D&O" for short.
    * Environmental liability insurance protects the insured from bodily injury, property damage and cleanup costs as a result of the dispersal, release or escape of pollutants.
    * Errors and omissions insurance: See "Professional liability insurance" under "Liability insurance".
    * Prize indemnity insurance protects the insured from giving away a large prize at a specific event. Examples would include offering prizes to contestants who can make a half-court shot at a basketball game, or a hole-in-one at a golf tournament.
    * Professional liability insurance, also called professional indemnity insurance, protects insured professionals such as architectural corporation and medical practice against potential negligence claims made by their patients/clients. Professional liability insurance may take on different names depending on the profession. For example, professional liability insurance in reference to the medical profession may be called malpractice insurance. Notaries public may take out errors and omissions insurance (E&O). Other potential E&O policyholders include, for example, real estate brokers, Insurance agents, home inspectors, appraisers, and website developers.