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Like other liability insurance, it covers legal fees and any resulting settlement up to your policy limits. This type of business liability insurance is also called errors and omissions (E&O ...
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.
Liability insurance does not cover the theft of your vehicle. Liability insurance covers property damage and injuries to other people in accidents where you are at fault.
Public liability insurance or general liability insurance covers a business or organization against claims should its operations injure a member of the public or damage their property in some way. Directors and officers liability insurance (D&O) protects an organization (usually a corporation) from costs associated with litigation resulting ...
There are also many other coverage extensions available through the purchase of additional insuring agreements. These are common to most crime insurance policies (burglary, fire, general theft, computer theft, disappearance, fraud, forgery, etc.) and are designed to further protect specific company assets.
What does Airbnb’s insurance cover? Airbnb’s insurance coverage, called AirCover, provides liability insurance and financial protection to hosts for some guest-related damage. It also includes ...
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