This is the type of insurance that helps both people and businesses to protect themselves against the risks of liabilities (as long as the claims are within the coverage of the policy). Oftentimes the payment is made not to the holder of the policy but a third party suffering loss. Besides, damage caused intentionally is not covered.
Liability insurance compensates for legal costs and payouts a holder of the policy is responsible for as long as these costs and payouts are legally liable (in other words, within the particular policy and are not a result of intentional damage or criminal acts). As being said, in most cases, a third party – not the policyholder – receives the payment. Liability insurance is popular with people and businesses that can cause injuries or damage – vehicle owners, medical workers, etc.
The exact monthly premium is determined by the type of insurance, the industry, your claim history, as well as many other details, such as the size and type of your business and the extent of coverage. All in all, it may cost you about $45 a month.
Going to college can be exciting and overwhelming, especially if you haven’t decided whether you should move to the dormitory or rent a place. And while that is a big decision to make, students also have to take out the most cost-effective and suitable insurance policy. Without it, they might not manage to maintain the […]
The landscape of M&A has been dramatically transforming in times of the COVID-19 pandemic. Apart from the temporary market unpredictability, companies had to get used to the changing due diligence process and increase in litigation. But despite that, the reps and warranty insurance saw an increase in demand. Let’s take a closer look at the […]
Motorcycle insurance is meant to shield owners and their motor transport from unexpected losses and associated material risks. Different policies are intended to compensate for theft, damage to motor transport or other vehicles, and medical costs. Riders can purchase multiple add-ons to safeguard the motorbike accessories, ensure towing handling, and compensation for physical harm. The […]
Purchasing an insurance policy can make you feel safe and protected against various risks. But while you do not obtain a financial advantage in return for the premiums you pay, the moral benefits offset the risk expectation. Let’s be honest: insurance companies are in this business for money and not your moral benefits. That is […]
There are several proven steps you will have to take before you can get your first insurance adjuster job. Without further ado, let’s dig into it.
Risk reduction – also known as loss mitigation – allows organizations and individuals to effectively manage the risk of loss they inevitably encounter as they operate in their industry.
Did you decide to leave your job but keep worrying about losing your group health plan? Getting another position sometimes means dealing with a short waiting period. The good news is that you can remain on your employer-provided coverage under COBRA. California residents get to use two types of continuation coverage: the federal version of […]
How exactly do you pay your excess? A standard car insurance excess meaning is the total sum you need to pay upon filing an insurance claim.
Imagine going on vacation for a week, then returning to the house you are renting and finding that you’ve been robbed! Your TV, laptop, jewelry, and other personal property are missing, and some of your furniture is broken. Are you able to replace it all yourself? If your answer is no, you definitely need renter […]
Employment practices liability insurance by definition protects the employers and companies from potential losses and expenses in a case when an employee or a third party sues you for work-related incidents such as accidents, illness, or death.
