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Sales, payroll, number of professionals on staff, prior claim activity, years in business, types of services performed, geographic region and litigation history of the region, risk prevention methods you use to combat lawsuits.
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this depends on the type of business it is. Some are rated on sales, area, tickets sold, etc...need more specific information It also depends on the company providing the policy. Some rate on sales, payroll, area, etc. What type of business are you talking about and that will help? Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!
You need a commercial general liability policy.
A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.
General liability means that your friend has been found responsible for something. Liability is usually an insurance term, it means they pay for damages to other peoples property or self.
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.
General Liability Insurance is what is needed for the Class Facility or Premises location where the classes are held. General Liability Insurance provides coverage for slip and fall and other premise related claims.Professional Liability Insurance should be obtained for the Instructors. Professional Liability provides coverage for claims related to malpractice and competency of the professional instructor.Answerschools
What your looking for is Commercial General Liability Insurance for contractors, not professional liability insurance.And Yes. Almost any Commercial lines carrier will provide CGL coverage as well..
AnswerJust contact any insurer or agent dealing in Professional lines in your state. You should look at either Professional Liability or General Liability depending on the Tutoring Environment.
Traditionally, per project general liability policies were reserved for large projects such as tract home and condo developments. Minim premiums on such policies can vary from $50,000 to $250,000. However, there are some new insurance programs out there for smaller contractors with premiums as low as $300 per job.
A contractor typically needs a Commercial General Liability Insurance Policy. If the contract includes professional services, then the contractor will likely be required to carry Professional Liability Insurance, either in addition to, or in place of a CGL policy. It really just depends on the nature of the services contracted.
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
There is a program that is available nationwide for tattoo and/or piercing insurance. Go to www.stratusins.com and choose the tattoo & piercing program link. They have general liability and professional liability available.
Commercial general liability is a type of insurance that major companies use to insure their businesses. You would need this so if a client got hurt you would be covered for out of pocket expenses.