Blog Page 15
Liquor Liability Insurance: Everything You Should Know
Liquor liability insurance is a commercial policy that pays for certain damages arising from selling, serving, or furnishing alcoholic beverages.
5 Types Of Business Insurance Your Company Needs
Liabilities relating to property damage, injuries, lawsuits, weather events, and government fines can be a regular part of running a business. Insurance is a tool that transfers specific liabilities and risks from you to an insurance company in exchange for monthly or annual premium payments.
Understanding Contractors Errors & Omissions (E&O) Insurance
Contractors errors and omissions insurance, also referred to as E&O insurance, protects trade contractors from damages arising out of faulty workmanship, limited design services, recall of their work, or use of defective materials.
Contractors Pollution Liability (CPL) - What To Know
Contractor’s pollution insurance pays for damages that you become legally obligated for as a result of a "pollution incident" arising out of your activities.
Contractor Indemnity Insurance: Everything You Should Know
Contractor indemnity insurance (often called contractors professional indemnity insurance) is a professional liability policy. It’s often purchased by general contractors, design-build contractors, and construction managers purchase to cover their professional liability for design services or subcontracted design services on a construction project.
Commercial Property Insurance: What Are The Average Costs?
Determining the cost of commercial property insurance can be extremely complex. To unravel the complexities of commercial property insurance rates, you first need to have an understanding of how pricing is determined.
Oil & Gas Insurance: What Is It?
The U.S. oil and gas industry is responsible for nearly 10.3 million jobs and accounts for 8% of our national GDP. It has been a critical industry for many states for the last century. This industry is not without its risks. In fact, the oil and gas industry is one of the most dangerous when it comes to potential employee injuries and business liability. That is why a quality oil and gas insurance program is so important.
Tail Insurance Coverage - What Is It?
“Tail coverage” is an optional insurance provision found on a claims-made policy. It allows the insured to report claims against a policy for a specified period after the policy has expired.
Manufacturing Insurance: What You Need To Know
Manufacturing companies are an essential component of society. Every product has been designed and built to specifications. Whether you are manufacturing for the food, aviation, automotive, medical device, or even furniture industry - your product plays an essential role in people's lives. For this reason, manufacturing operations come with a lot of potential liability risks. These are all questions you should be asking yourself. These are also items that insurance can cover at a reasonable cost.
What Is A Hammer Clause? (Definition & Examples)
Even though the hammer clause is just a small paragraph within an extensive insurance program, it can have a significant impact on your professional reputation and insurance coverage.