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 way for two parties to resolve a dispute out of court with the help of a neutral third party (the mediator).
A mediator will actively participate in the discussion and direct both parties toward a fair agreement. Many people choose mediation over litigation because it's usually cheaper and quicker than going to court.
Many, but not all, mediations end with a settlement. Mediation should not be confused with arbitration, in which the neutral third party acts more as a silent judge than a third voice in the dispute's discussion.
RETURN TO GLOSSARY