When a loss or an accident occurs in the business that demands you to file a claim under your commercial liability insurance policy. So how to file a claim under Commercial Liability Insurance? There are a few steps that you must follow: Contact your insurance agent: This could be the person who has helped you […]
Liability Insurance
Who can purchase Commercial Liability Insurance?
Commercial liability insurance is a smart way to protect your business against unfortunate expenses in case of liability arising out of damages to property, bodily injury, and other business operations. Whether it is a small business enterprise, a start-up, or a well-established corporate business, one ugly lawsuit may upset the finances of your business straight […]
What are the advantages of a Commercial Liability Insurance plan?
A business can protect itself by purchasing a commercial liability insurance plan, which offers the following benefits: Bodily injury liability: It protects your business if injuries are caused to the other person due to your business operation. Property damage liability: It protects your business if damages occur to the property of others. Personal injury liability: […]
What are the different types of Business Insurance for small businesses?
Business insurance, also referred to as commercial insurance policy, is a combination of insurance plans catering to a multitude of business needs. Based on the type of activity in the firm, any or multiple of the following different business insurance policies can be bought: Office Premises / Shop Insurance Stocks / Goods (Raw, in process, […]
Things to Know Before Buying Professional Indemnity Policy
Professional indemnity insurance is known to be popular amongst areas of expertise like accountancy, architecture, medicine, or the law. It is also highly useful to anyone giving professional advice, consultancy, or design work. Buying professional indemnity insurance is not legally compulsory. However, some organizations will only work with a consultant who has PI insurance coverage […]
Directors and officers (D&O) liability insurance
Directors and Officers liability insurance protects past, present, and future directors and officers of profit or nonprofit companies (Listed and Non-Listed) from damages resulting from alleged or actual wrongful acts the Director and Officer may have committed in their positions. The policy provides protection in the event of any actual or alleged error, misstatement, omission, […]
What are the Steps to Buy Commercial General Liability Policy?
Commercial general liability insurance plays a crucial role in covering property or bodily damages-related claims. If you are interested to buy a commercial general liability insurance policy then you must know what steps you should follow. The following steps will help you to buy Commercial General Liability Policy- Define your requirements As commercial general liability […]
What are the benefits of Business Insurance?
Running a successful business always comes with inherent risks. A client could file a suit, a natural disaster can ruin things, or someone can get injured on the site. For this reason, it is essential that a business has an insurance policy in place to protect itself as well as its assets. So, what are […]
What is an Extended Reporting Period Endorsement?
A commercial general liability insurance policy plays a crucial role by covering a wide range of liabilities to which a company may be exposed. The policy offers protection against claims which are related to bodily injury or property damage for which your company may be liable to pay. In short, the policy covers a wide […]
What Does General Aggregate Mean in Insurance Policy?
General Aggregate limit in Commercial General Liability Insurance is a crucial term in liability insurance. It is necessary for all policyholders to understand its working. In commercial general liability insurance, the general aggregate is the maximum amount of money the insurer will pay out during a policy tenure. The general aggregate limit places a ceiling […]