What is the difference between Comprehensive General Liability insurance and Public and Products Liability insurance?
The correct term is COMMERCIAL GENERAL LIABILITY. The term Comprehensive General Liability is a old term that was at one time used as well as Public and Products Liability. These terms are often used to mean the same ideal. Over the years the legal profession will contunuie to use them in a written contract. However it should be corrected to the correct term so all parties ar not confused. Often you may see the term expressed as COMMERCIAL GENERAL LIABILITY including products and completed operations.
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If the value of your vehicle is so low that you can afford to replace it yourself, don't bother with comprehensive. It doesn't make much sense to pay $5 a month for coverage on a $1000 clunker.
How can one get premise comprehensive general liability insurance so one can get a satellite dish installed in your apartment. management wants tenants to get that insurance?
Answer . \nRenters insurance is inexpensive and offered by most insurance companies. This policy would cover your personal property in your apt, including the sat dish, in case it was stolen, damaged by storm or fire, etc.
Answer . DEPENDS.ARE YOU TALKING INDIVIDUAL, BUSINESS, CORPORATION, ETC. SIMPLEST ANSWER FIRST. A PERSON HOMEOWNER's insurance has personal liability coverage. i can'REALLY ANSWER YOUR QUESTION WITHOUT MORE DETAILS. most businesses have public liability insurance, usual in the form of an SMP pol…icy, whicH means special multi peril. ( Full Answer )
There is no such thing as a "comprehensive" general liability policy. It is "commercial" to differentiate it from personal-lines coverage. It is commercial general liability policy, or CGL; a generally standard group of coverages, exclusions, limits. This is different than a manafest policy where co…mmercial coverages are added in a customized fashion.. A comprehensive policy would be one where a business owner (BOP) might purchase with a pre-set group of coverages, exclusions, and limits.. Thanks. Actually, the term "Comprehensive General Liability" was replaced in 1986 with the term "Commercial General Liability." They are essentially the same policies. ( Full Answer )
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Usually this is insurance taken out by a business to protect against the risk of being sued - or held liable - for damage or injury that occur while they're conducting their business
What is the difference between farm liability insurance and vacant land general liability insurance?
Farm Liability is often a Farm Comprehensive Personal Liability coverage form and generally covers the land on which you farm as well as the products which you produce as a farmer. It covers the personal liability for the insured(s) as well as the farm exposures. There is some off-farm property cove…rage often written on a Farm Package.. Vacant Land General Liability provides protection for the undeveloped vacant property. The definition of vacant property / vacant land is an important item to review in the coverage form. If it's to be undeveloped land and a the insured is putting a road in and / or developing the site, one might need a different class code. ( Full Answer )
The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident… excluding the policy holder. ( Full Answer )
What is the difference between a named insured and an additional insured on a general liability policy?
Attorneys will often say there is no difference, when it comes to extending coverage for legal liability. However, depending the specific additional form used there might be substanial differences in the portion of the general liabilty policy that is extended to the named insured versus the addition…al insured. For instance, older additional insured forms (CG 2010 11/85) extended coverage to the additional insured for "Products/Completed Operations". New forms use wording such as "ongoing operations of the named insured" that limit coverage to the additional insured to the "Premise/Operations" portion of the CGL form.. In addition, an additional insured generally has no right to:. Request policy endorsements or cancellation . Receive copies of the policy contract, other than the a/i form and a certificate of insurance . The purpose of an additional insured is to protect the rights of another party that might become legally liable for the actions of the named insured. For instance, a landlord might become entangled in a lawsuit caused by the actions of his tenant. By naming the landlord as additional insured, the named insured extends coverage, especially defense costs, to the landlord. The tenant's insurance company would have to defend both the named insured and the additional insured.. Additional insured's are a common and increasingly important part of liability insurance. It is important you make sure your agent is aware of the specific nature of the relationship you have with the additional insured, to ensure the proper additonal insured form is provided. I generally like to review my clients contracts - including leases - to make sure the policy and a/i form are compliant. ( Full Answer )
Workers compensation is considered a sole remedy for first party injuries occurring at work. WC pays for the employees hospital bills and indemnity (payroll while off work). This is designed so the employee does not have to sue the employer to have bills paid. This also precludes the employee from… being able to sue the employer.. The employer can however be sued by the spouse or children due to the injured worker no longer being able to perform certain duties as a parent or husband.. Employers Liability is a coverage for employers (in non-Monopolistic states called stop Gap) which covers them for lawsuits by family members or significant others who make claims against the employer for loss of consortium or other such claims in which the injured worker will no longer be capable of performing due to that specific injury.. Fortunately, these are very hard to prove.. Kevin Mershimer, CIC, CSP, OHST ( Full Answer )
Most insurance companies will write 1,000,000 per occurrence with a 2,000,000 aggregate. If you wanted a total of 5,000,000 you would need a 4,000,000 umbrella/excess liability policy. But to answer your question it depends on the type of risk.
Commercial GL covers your business for damages alledged by a thirdparty including bodily injury and property damage. When you start acompany, you should purchase GL insurance when you have any of thefollowing : Sales, assets, employees, a physical location.
Contractor's general liability insurance is, essentially, "malpractice" insurance for general contractors. That is, it provides indemnity for a party who has sustained compensable injuries for the negligent act or omission of a general contractor. Like other liability insurance, this type provides… a defense to the insured when liability (fault) is contested. That is, part of the insuring agreement provides that the insurer will hire and pay an attorney to defend the insured, investigate the claim, and pay related costs. Generally, these attorney fees and costs are paid in addition to the indemnity benefit. However, some policies provide that they reduce available indemnity benefits, ( Full Answer )
GL Insurance provides your company defense and settlement costs forlawsuits alledging damages coming from a third party that you havesomehow financially harmed. This can be bodily injury or damagedproperty. GL Insurance is subject to many exclusions so make sureyou work with your broker to understan…d your company's risks andhow the policy will respond to those risks. ( Full Answer )
Pretty much the same thing except you pay monthly premiums on liability policies and bonds are usually a one-time deposit of money to your local DMV (Usually around $35,000 dollars) and they stow that money away and pay it out should you need to pay out damages for a crash.
If you mean the difference between General Liability (GL) and Director's and Officer's Liability (D&O), GL typically covers your products, premises and operations, advertising and personal injury liability. D&O covers the liability arising from the operations and decisions of the directors and offic…ers of an organization. Because directors can be personally liable for their decisions, whether for a corporation, limited liability company, non-profit or other form of an organization, D&O provides specific coverage for their liability. ( Full Answer )
Personal Liability insurance is purchased by individuals and is normally included as part of a residential insurance policy, such as a Homeowners, Condo or Tenants package. It provides the insured with protection against lawsuits from third parties arising from the ownership and/or occupancy of the …residence, including the personal actions of insured persons (eg. a visitor to the residence slips and falls on the front walkway due to a build up of ice/snow). General Liability insurance is the common abbreviation used in the industry to refer to "Commercial General Liability" insurance. A Commercial General Liability (CGL) insurance policy is purchased by a business and provides protection against claims by third parties for Bodiliy Injury and Property damage arising from the operations of the insured. Example: ABC Construction Inc. wins a contract to construct a new office building. During construction one of ABC's employees drops a hammer which hits a passing pedestrian on the head. The pedestrian sues ABC Construction for his/her injuries. ABC's general liability insurer will defend ABC in the lawsuit and pay any judgment which may be rendered against ABC (up to the policy limit). Hope this helps. ( Full Answer )
The largest difference between insurance and bonding is that whenyou have an insurance claim, the carrier pays out the claim thenbills you for the deductible. Bonding is different, and is creditbased. The bonding carrier is extending you a credit capacity up tothe bond amount. If your bond is garnis…hed for uncompleted orshoddy work, the bond company WILL have you repay back the wholebond amount. It is common to need both. ( Full Answer )
Technically, there is no difference between the two, besides thefact that many of the public and product liability risks are oftencovered together under a general liability policy. These risks mayinclude bodily injury or property damage caused by direct orindirect actions of the insured. You can re…ad more about public liability insurance on the Bizcoverwebsite in related links ( Full Answer )
Cover against a product to perform it's intended function or task. A critical requirement for alarm/CCTV installers etc
You can try asking them. Failing to get an answer you'd have to file a suit against the company for injury or loss before there would be any compelling reason to disclose to you whether they do or do not have liability insurance.
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 si…milar 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. ( Full Answer )
They are one and the same thing. The term "Malpractice Insurance" to describe a professionalliability insurance policy is most often used in the medicalprofessions and sometimes legal professions.
General liability insurance is required for your business as soonas you have something to protect, whether that be assets, sales,employees, a building, etc. We recommend you buy general liability insurance once you have alocation, sales, employees, or anything to lose. GL Insurance helps you prote…ct and defend your business fromlawsuits. ( Full Answer )
General liability refers to products completion and labor, while cargo is specific to transportation, such as hauling equipment or goods. The cargo insurance would kick in if there was damage to the goods in transit. General liability would cover goods in your warehouse or on the docks.
You could just ask them. It's always a good idea to verify coverage before you hire. Generally, Insurance records have restricted access under state and federal privacy laws.
Do you mean minimum price? Usually $500 for a one year policy, fora company with nearly no risk and very little sales. Policy pricingis based on tons of different factors. Check out the intro to GLinsurance link I posted onto this discussion.
No. When you get liability insurance, you are basically getting insurance for everyone else on the road that you may cause damage to. It does nothing to protect you from theft, vandalism ect.
Progressive, Gieco, Nationwide and State Farm offers public liability insurance. A public liability insurance broker may also help you in finding public liabitilty insurance. Prices may vary depending upon the agent and event.
In a nutshell, public liability insurance is a special insurance a business or a commerce can buy to protect itself financially in case of a lawsuit brought against it by a patron injured at/on it's premises.
If you are in a business that involves the risk of accidents, you can be sued for large amounts of money in the event of an accident, therefore you need comprehensive general liability insurance to protect you if you were to lose a large lawsuit. That is incorrect. I had comprehensive general liabi…lity on my Motorcycle. Wrecked it an was not covered because I did not have colllision coverage. General Liability covers the injuries, repairs of others involved in a wreck where you are found at fault including property, for the amounts stated in your policy. Also there are statewide minimums for each category. Your vehicle is not covered. If you are hit the other drivers insurance pays for your vehicle, if they are uinsured then your policy pays because you are required to have uninsured protection on your policy. If you wreck your car you do not get it repaired by your insurance company with liability. Comprehensive covers damaged to your vehicle incurred by weather, fire, vandalism, etc.. When you get comprehensive coverage you will select a deductible that you must pay and your insurance will pay the rest. For example: a tree branch falls on your car while it is parked somewhere. Comprehensive coverage is for that. ( Full Answer )
Liability insurance pays for someone else's damages if an accident is your fault but won't cover your vehicle. Full coverage provides liability insurance as above but will also cover your damages to your own vehicle in an accident regardless of whose at fault, as well as theft, fire, etc.
It is extremely important to purchase general liabilty insurancebecause if not, your business will have to pay to defend itselffrom lawsuits out of pocket. Unfortunately even unmerited orfrivilous lawsuits can be costly to defend against. Liability insurance is priced based on risk so if you dont h…ave alot of risk of the policy being used, you wont pay much either. ( Full Answer )
Liability insurance only covers someone else in the case that you are responsible for damages caused in a collision. Comprehensive coverage will cover a driver that you hit, as well as cover yourself for any damages inflicted during a collision.
Just Ask your insurance Agent. There are plenty of companies that will underwrite risks in the Sporting and Sports Entertainment industries. General Liability is designed to protect you and your business from certain claims, you may want to consider Medical and Personal Injury coverage for the Wr…estlers as well. Lloyds London is one market that will insure you. ( Full Answer )
Public liability insurance covers damage or injury to third parties, whether they be visitors, tradesmen of even trespassers, that occur on your property or through your actions or lack of action.
Look for companies that provide business insurance to small businesses. Most any insurance company will offer public liability insurance, but the purchaser must be prepared to provide answers to the questions they will be asked to get a quote.
General Liability Insurance is just a form of Liability in the commercial sector. There is a difference in coverages offered in Personal Lines as opposed to commercial or business lines. A broader scope of coverage is needed if you are involved in a commercial (business) venture.
Public Liability Insurance is used when a member of the general public sues a company about property damage on the company's physical location. Most insurance claims and comparisons can be purchased online, but some state business offices can process, advise, and help compare their own personal ins…urance coverage. ( Full Answer )
Check with a local insurance agent on where public event liability insurance can be purchased. Many of the more well known insurance companies do not specialize in this type of insurance.
Industry and commerce are based on a range of processes and activities that have the potential to affect third parties. Public Liability insurance covers these third parties who may be physically injured or whose property was damaged as a result of the company.
General liability insurance is the best insurance plan for you and your family related to home, car and many more. for more
Public liability insurance is important to businesses as it covers the business if a customer or any member of the public suffers a loss or injury as a result of the business' activity. This type of insurance covers compensation claims as well as legal expenses.
There are many Public Liability Insurance brokers. Some companies that provide this service are 'Hiscox', 'Crowthorne Insurance Services Limited' and 'AXA Insurance'.
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.
The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.
Builders can get a public liability insurance from Builders Insurance and Builders Liability Insurance. Both of these organizations will provide builders with online quotes.
Comprehensive Liability Insurance means protection against claims of property damage or personal injury when filming on public property. This is a very accurate definition.
Liability provides coverage for claims or losses in which you canbe held liable for damages or in which you have been accused ofbeing responsible. Comprehensive coverage would also provide coverage for otheraspects of your business, such as property, inventory, businessautos and equipment, cash flo…w, etc.. ( Full Answer )
Generally, you can't buy comprehensive without first buyingliability coverage. Liability covers damage you do in an accidentif it is your fault. Comprehensive will not even pay for yourvehicle in an accident. It only covers fire, theft, vandalism,animal collision, etc.