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
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Certificate of Liability insurance
The compensation you owe an injured or damaged party.
Indemnity is your legal responsibility to cover property loss, medical expenses, or another type of damage. When small businesses invest in business insurance, the insurance company can cover their indemnity and pay damages to injured parties.
Legally speaking, an indemnity is more than just compensation – its goal is to make the injured party "whole" again.
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