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Public liability is part of the law of tort which focuses on civil wrongs. An applicant (the injured party) usually sues the respondent (the owner or occupier) under common law based on negligence and/or damages. Claims are usually successful when it can be shown that the owner/occupier was responsible for an injury, therefore they breached ...
Due to the risk of liability, CPAs and accounting firms may carry professional liability insurance to provide some protection from legal claims and lawsuits, although some firms choose to self-insure. [4] Concerns about high damage awards and insurance costs have led to proposals to limit liability for public accounting firms. [5]
From general liability insurance to workers' compensation insurance, there are many types of small business insurance available to help you protect your business. — Getty Images/gorodenkoff
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 ...
If you're starting a small business, don't forget to consider insurance to protect from everything from slip-and-falls to ransomware attacks.
Professional liability insurance can help cover you and your business when a professional service mistake is made with a customer or client. Professional liability insurance is a different type of ...
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