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Insurance policy requuired in a high risk business and low risk business?
The type of insurance required for high and low risk businesses are generally the same, but the cost of insurance can vary significantly. However, some businesses may require special coverage that others do not. As an example, a liquor store may require liquor liability insurance, while a food store that does not sell alcohol does not.
Where can one purchase car insurance liability?
You can purchase car liability insurance from the same company you get your regular car insurance from. If you are a new car insurance customer, ask your agent to add liability insurance to your plan.
What companies offer the cheapest commercial liability insurance?
"Many companies offer cheap commercial liability insurance. About every company has the same coverage at around the same price. Allstate, CApotial one."
What is the difference between Non Trucking Liability and Bobtail insurance?
same thing
What is the difference between FPM DRAM and EDO DRAM?
nothing they are the same
Does public liability insurance Australian have the same functions as their American counterparts?
Yes, Public Liability Insurance Australian have the same functions as their American counterparts. They have some Canadian functions as well. One can find more about them from Wikipedia.
What the difference between Professional Liability and Practice Insurance?
No difference. It's the same thing
What is the difference between Errors and Omissions Insurance and Professional Liability?
They are one and the same thing. The term "Malpractice Insurance" to describe a professional liability insurance policy is most often used in the medical professions and sometimes legal professions.
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.
Is general liability insurance and bonding same thing?
No, they are very different things. in fact, they couldn't be more different
Why does Louisiana require liability insurance?
Louisiana Liability Insurance RequirementLouisiana requires liability insurance for the same reason that all other states require it. The law is there to make sure citizens have a reasonable chance to be reimbursed for damage to their property and or injury and death from the at-fault driver in an accident. One of the requirements that society places on the privilege to operate a motor vehicle on our roads is that you have the ability to pay for the damage you cause in the operation of that vehicle. You make this guarantee by purchasing liability insurance to cover your mistakes.
What is limited Liability insurance?
Limited liability is a concept whereby a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).
