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yes you can have as many policies as you like but no use. the insurance works on the principle of Indemnity. so in case if you have two insurance policy,you will have to declare to both the insurer, if you don't than it would be a insurance fraud. and if claim arise then both insurer will pay the claim in proportion of the premium they charged.
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Is there a Loss Payee on General Liability policies?
To my knowledge there are no loss payees on general liability policies as there is no property coverage on general liability. Loss payee is a term on a property policy used to indiciate that the loss payee listed would get paid in the event there was a property claim. Most frequently a mortgagee or lender asks to be loss payee. General liability policies have additional insured endorsements to extend coverage to third parties who you may be working with.
How General Insurance Can Protect You?
"General insurance" is the umbrella term used by the insurance industry to describe all policies other than life insurance policies. This includes various types of insurance for individuals as well business policies. The two most common types of general insurance for individuals are automobile insurance and homeowners insurance, both of which can include property and casualty coverage. The two most common types of general insurance available for businesses are commercial auto liability and commercial general liability. Other commercial general insurance products include premise liability, professional liability, product liability and operations liability. An increasingly popular commercial product is business interruption insurance that provides the business owner with income should a disaster fall that is covered by other parts of his or her policy.
What does commercial general liability insurance cover regarding contents liability?
The commercial general liability policy provides coverage for liability not contents. If you only have the CGL then there is no contents coverage. Commercial policies are generally put together by adding different policies as needed for particular coverages. There are many different commercial policies that you can combine to become your complete commercial insurance coverage. Discounts are given for combining the policies. Some of the commercial policies available are commercial general liability, commercial auto, commercial property, commercial boiler and machinery, commercial property floaters, and many more to customize the coverages needed.
What has the author Mark G Lichty written?
Mark G. Lichty has written: 'Annotated commercial general liability policy' -- subject(s): Insurance, Liability, Liability Insurance, Policies
Is tenant's legal liability coverage the same as Commercial general liability insurance?
NO Totally seperate policies, tenant legal liability can be added to bops, general liability can be found within a bop policy, but they are different coverages. Work with your broker to understand what insurance coverages your company needs and why.
What is an xcu exclusion?
THe "XCU" Exclusion is a euphemistic term for an exclusion that once applied to Standard General Liability policies that exlcuded the perisl of Ecplosion, Collapse and Underground Coverage. In the late 80's to early 90's, most standardized General Liability policies no longe excluded this coverage.
Is it illegal to have two liability policies on one property?
Generally, no. However, if there is a claim each should be informed of the other policy and they will share the liability.
The two aspects of general liability protection are?
Indemnity and defense
Is there an admitted carrier that would write the general liability for a urea supplier?
Contact an agent that sells commerical policies they will be able to assist you.
What kinds of insurance policies can have property damage liability insurance as a part of the policy?
Obtain third party prices from general product insurers here! Rated auto car group comparison of general liability insurance quotes and instant product liability insurance rates for women. Luxury employers accident liability insurance estimates in ins commerce and public liability insurance for business liability insurance
Is there a loss payee on liability policies?
No.
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
