These are specility policies written by carriers that provide technology coverages. You must read the policy for the answer since they are all written differently. i suggest you contact your insurance professional for this information. If they do not know, call someone that does.
No, there is a business exclusion under the liability section. You personal homeowners insurance will not cover your Commercial activities. You will need a Commercial General Liability policy to cover your business operations.
Comprehensive general liability insurance covers businesses against many liability exposures of a business. Comprehensive general liability insurance coverage includes completed operations, elevators, independent contractors, and more.
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Personal liability is just that ! It does not provide for business related activites. If you want to be covered for business related activites you will need to buy a policy that coveres business related activites. If you are engaging in the business of tree trimming for money you need a COMMERCIAL GENERAL LIABILITY.
Professional liability insurance will protect you against lawsuits arising from your actual professional services rendered. Suppose you have a consulting business, and you are sued for providing incorrect information, that would be a professional liability. Insurance agents and accountants need a similar coverage called Errors and Omissions. Doctors and Lawyers need Malpractice... General liability pertains more to premises coverage for your place of business, to protect you against situations like a slip and fall. General liability would also cover any damages or bodily injury that your business caused while at a customer's location. It would also cover you for your products or completed operations of your business. Most general liability policies specifically exclude professional liability.
The amount of Liability Cover is purely dependant on the business type and its operation. Small/medium business may have a liability cover of 1 to 2 million where a large company many have multimillion's
No, General Liability would cover others for whom you are financially liable. It is not possible under construct of law to be liable to ones self.
Business liability insurance protects a company's assets from a lawsuit. If a business is high risk or doesn't have enough capital to cover a lawsuit, they should have business liability insurance.
no
Absolutely not. General liability disclaimer does not cover negligence.
Product Liability and General Insurance Liability and surety bonds with the states you underwrite in. Florida is the hardest state to sell warranties in.
Liability provides coverage for claims or losses in which you can be held liable for damages or in which you have been accused of being responsible. Comprehensive coverage would also provide coverage for other aspects of your business, such as property, inventory, business autos and equipment, cash flow, etc..