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Also known as small business liability insurance or commercial liability insurance, this policy covers the costs associated with claims made by others. This includes third-party claims of bodily ...
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.
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.
Bundles common coverages together into one policy (e.g., business liability insurance, business income insurance and commercial property insurance) ... That means it pays for the legal fees to ...
Like your personal car or homeowners insurance policy, small business insurance acts as ... liability, property insurance and business interruption insurance. ... insurance types onto one simple ...
An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).
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