Helpful Small Business Insurance Terms and Definitions
General Liability Insurance
Professional Liability Insurance
Errors and Omissions Insurance
Cyber Liability / Data Breach Insurance
Workers' Compensation Insurance
Business Owner’s Policy
Data Breach Insurance
Certificate of Liability Insurance
Additional Insurance Offerings
4.9 out of 5 Customer Rating
Get in-depth information on essential insurance coverages.
Certificate of Liability insurance
A formal decision made about a court case at the end of a lawsuit.
If your business is sued after a client or customer injures themselves on your premises, you may be ordered to pay that person's (the plaintiff's) medical bills and perhaps a certain amount for other damages (such as emotional damages). Typically, your insurance will help pay for judgments up to your policy's stated limits.
RETURN TO GLOSSARY