General liability insurance
General liability insurance has two policy limits. To determine the right limits for your small business, you must consider your liability risks and the impact these limits could have on your premium.
Every liability insurance policy is different. Who is covered by your liability insurance depends on a few factors, including the type of insurance and any modifications made to the policy.
Online businesses face numerous risks that could lead to severe financial losses. These three online business liability insurance policies can help protect your company.
Typically, you need to contact your insurance carrier directly when you want to file a commercial insurance claim. But the steps you take may differ based on whether you're filing a property claim or a liability claim.
Learn how to protect your consulting business by understanding the liability risks and taking steps to safeguard your assets.
A duty to defend clause in your liability policy means your insurance company must work out the details of your legal defense.
Even if you’ve done nothing wrong, someone can still sue your IT business. Learn how to prepare for this possibility.
When you have vicarious liability for something, it means you could be held legally responsible for any resulting harm even though you didn't directly cause it. For example, a tech company could be held accountable for the actions of an employee.
A tortfeasor is a business or individual accused of a tort, which is an act that harms another entity. Torts are often unintentional, but the tortfeasor can still be held liable for damages.
A tort is defined as a wrongful act or omission that harms a business or an individual. They often lead to lawsuits.
An insurance renewal is the end of the term of your policy, at which point, you'll need to determine if you'd like to continue under the same policy with the same insurance carrier.
The per-occurrence limit is the maximum amount of insurance money you'll get for claims from a single incident.
Business insurance is designed to protect your company against insurable risk, or the likelihood of a loss. But it's important to understand that even the most comprehensive insurance policies don't cover every type of risk.
A grace period is the additional time your insurance company gives you to pay your premium before your coverage expires.
