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Additional insurance coverage and endorsements are the subject of frequent disagreements, misunderstandings, and litigation. The disagreements are often about whether the additional insurance coverage should cover "independent negligence" by the additional insured, or should only cover liabilities caused by the named insured party's acts.
Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.
This is a list of abbreviations used in a business or financial context. ... (insurance coverage) ... SBU – Strategic Business Unit; SBLC – Stand By Letter of Credit;
According to a survey released by Next Insurance, 90% of business owners weren't sure if they had adequate coverage. Worse, 29% had no business insurance coverage at all, leaving their business ...
Business insurance is exactly what it sounds like: insurance you buy to protect your business. You can get coverage to pay for repairs or to replace your stuff after a fire at your office.
ACE Offers Borderless International Pollution Liability Coverage for U.S.-based Multinational Companies PHILADELPHIA--(BUSINESS WIRE)-- ACE USA, the U.S.-based retail operations of the ACE Group ...
Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.
There are many types of small business insurance available, but what do you really need? Here’s how to choose the best policies and provider for your business.