A Landowner is typically NOT held liable for the actions of tenants. This is what Renters Insurance is for. A Tenant can purchase property and liability insurance on a tenants policy. A property owner also is Typically NOT liable for the actions of criminals or others that may have entered your property illegally.
So while its a good idea to maintain some type of Liability Insurance for Vacant Land to cover some occurrences where the owner might be liable. One should not presume that the property owner is liable for anything and everything that might occur on the property.
The retroactive date sets how long before the inception of the policy that you are covered for negligent acts, error or omissions that you report during that policy. A retroactive date can match the policy inception date so that no prior acts are covered.
From the date of the retro period would be the continuous period before the retro date during which the coverage is applicable
Your Professional Liability insurance covers you for claims of loss made by your students in relation to the quality and competency of your teaching services. It does not provide coverage for bodily injury to a student, yourself nor an employee.
Workman's comp covers you and your employees for bodily injury you may incur in the course of your work. However, the law of States differ on the number of employees that a business must have in order for worker's compensation to be required.
They are two different kinds of coverage, if you have employees you need the workman's comp.
This depends on a number of things. It's hard to say without knowing what kind of work you are sub-contracting.
First determine if you need Professional Liability coverage Or Commercial Liability Coverage. They are very different products.
Most General Contractors do require the subs to carry insurance. Otherwise the General Contractor will have to pay much more for insurance coverage that effectively covers his or her own activities as well as those of the sub-contractors.
If the General Contractor you are doing work for already has coverage for his subs under their insurance (usually not).
What is the nature of your agreement with the General Contractor.
Some Contractors insurance policies cover subs while others do not.
It depends on what kind of liability insurance you're seeking. If you want car insurance, Geico and StateFarm are generally very inexpensive, though it all depends on your car and driving history. If you want business liability, look at TechInsurance or Nationwide for the best fit.
If you are an artist, you can try ACT Insurance Program - cheap and simple artist liability insurance, starts from $265 annually or from $39 per show.
Also there are companies that sells product and general liability insurance for businesses and individuals.
By no means should you shop by price only. The amount of premium that you are charged depends upon a number of factors, not the least of which are policy limits (the mount of insurance that you buy) --liability limits.
approximately about 2,200 dollars a year...
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.
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!
Hi Deborah here, I am insurance broker with the CRIS designation specializing in contractors needs. I have a client who has had that same situation, here is the advise: The CG2139redefines the â€˜Insured Contractâ€™ to remove itâ€™s f. point (page 13 of 16 on ISO CG0001 1001 .. is the version I have here handy.. that states an â€˜Insured Contractâ€™ is points a through f. ) Here, the f. point is basically a contract a sub would sign to work for a GC & it would include a hold harmless/indemnity agreement for tort and operations coverage. This hold harmless agreement would be worthless unless the sub is independently wealthy as his insurance company would not defend or indemnify or anything. So it can be bad for subcontractors to have this endorsement but worse for the GCâ€™s if they were to enter into a normal business contract w/hold harmless et al with a sub who has the cg2139. Subcontractors with this endorsement need to work for GCâ€™s that simply want to be named as additional insured on the subsâ€™ policy. If there is no contract and the GC is named additional insured on the subsâ€™ policy, that should be sufficient for the GC to be covered for operations and tort of the sub by the subs insurance company. If I have a client with the cg2139 in a GL quote, I just make sure to ask them if they are going to be signing a contract with a GC/developer et al and/or to let me know if they plan on it at any time in the future. If they say they won't enter into any contracts with a hold harmlessthen the cg2139 is irrelevant and being on the policy/quote is immaterial. I think insurance companyâ€™s issue this endorsement to limit the scope of work a contractor can do.They want to be sure it knows the entities it would be indemnifying ie AI endt cg2010 or equivalent. They donâ€™t want their â€˜littleâ€™ contractors getting out there and playing with the big kids without permission. ~ dmc 6-12-07 previously suggested by someone else: I suggest you to go the IIABA website. If you are a member, you can access the Virtual University, then go to "Ask an Expert" and ask your question. This is a great resource.
There are many companies that offer liability insurance. Some companies are State Farm and All State. You can get quotes for all of these companies online.
There is an organization called the National Association of Professional Organizers. It offers a variety of benefits, including liability insurance, medical discount cards (which are NOT insurance) and other things. You may want to start with them, as the insurers with which they deal are likely to be familiar with your trade and have tailored policies.
That said, you must be very careful that any insurance that you get is written by a licensed insurer; that is, the entity financially responsible for the payment of claims must be licensed by one or more state insurance departments. There is a sordid history of fraud in the insurance market-including health insurance-and often when insurance is sold to and through affinity groups.
You may also go to a licensed insurance broker to investigate coverage. A broker generally represents a variety of insurers, and is more likely to have a market for the insurance that you seek. In contrast, an "agent" usually represents only one or a couple of insurers and will have less of a choice of markets.
Probably, because you want to protect your business assets (and possibly your personal assets, depending on how & where your business is formed) and provide defense benefits if you are presented with a claim or lawsuit.
Builders Risk - 1st Party coverage for a building under construction - covers the Property - building & materials. Contractors GL - Covers your exposure for causing Bodily Injury or Property Damage with exceptions. Covers you acting in your capacity as a contractor only, for example, kids playing on the job site fall in a uncovered trench. A GL policy would respond on your behalf. It would also respond to a claim such as one of your employees accidentally damages the plumbing in a building & causes water damage. Professional Liability covers professional services such as design work, site assessments & the like. Any contractor that does any sort of design work needs a Professional Liability policy in case they make design errors. The GL policy specifically excludes this.
It means that the professional has obtained security in the form of an insurance policy for the protection of the professional and the client from errors or omission in the services or advice provided.
Whereas if the doctor is blatantly negligent like amputating of left leg instead of right, or transfusing wrong blood group into the patient body resulting in death or leaving the scissor, artery, forcep etc in patients body then he can even be held criminally liable and it can result into imprisonment & fine.
Thus the doctor needs to get an insurance cover to contest such litigation and to meet the compensation through Insurer in these cases.
Broadly, a liability insurance policy provides a source of recovery for a third party who or which is injured or sustains monetary damages due to the negligent act or omission of the insured. The corollary is that a liability inurance policy provides protection to the insured for the risk of financial loss to a third party as a result of the insured's negligence. Assuming that tje damages sustained by the third-party results from a covered cause of loss, the policy will answer for the damages which would otherwise payable by the insured, up to the coverage limit. That is, there may be some amount that the insurer will not pay if that amount exceeds the policy limits.
Another very important benefit of a liability policy is that if the insured is sued for an occurrence that is covered by the policy, the insurer will hire a lawyer, at its own expense, to defend the insured, and will pay costs related to that defense. In some forms of liability policies, such as professional liability policies (those issued to physicians, lawyers and some other categories of professionals), the amount paid by the insurer toward the conduct of the defense reduces the amount available for the indemnity payment.
You would think they at least need some good health insurance. I doubt it is a requirement, but that is a guess.
The annual aggregate exposure of the facility would dictate the amount of coverage required. Most facilities can make due with a few million up to 10 or 20 million dollars per claim coverage.
But bear in mind that a large facility could potentially have many malpractice claims pending at any one time. So an annual aggregate limit should be much higher perhaps in the range of 50 to 100 million per year.AnswerI would think in the many millions to billions area. Contact an agent they will be able to assist you with the amount needed.
The 1099 only represents that the Attorney is working on a contract basis (self Employed) rather than as an employee.
If the attorney is in fact a self employed independent contractor then this likely means that no coverage is afforded by the employer. If this is the case, then it would be a good idea for the Attorney to get some Malpractice or Professional Liability Insurance so there will be coverage in the event of a malpractice suit. Otherwise the attorney will be out of pocket for any related expenses in the event of a claim.
The 1099 itself has no bearing on the attorneys need for Malpractice or professional liability coverage. It only indicates that he or she is a sel employed independent contractor.
No way to answer this ratings are dependent on too many factors contact a few agents and request quotes.
medical malpractice to me is when you directly or indirectly cause someone to suffer some severe or not so severe set back after being given the wrong medication.AnswerI would say Medical Malpractice is negligence by someone working in healthcare that causes an injury to an individual AnswerMedical malpractice or medical negligence refers to the failure of a physician or other medical personnel to meet the standards of conduct for duties relating to the medical profession. Medical professionals have a duty to adhere to a standard of practice that is uniform for everyone within their field.
When doctors or other medical professionals engage in treatment that violates the accepted "standard of care," and that treatment results in injury or harm, this constitutes medical malpractice. A doctor has a duty to you to use care and diligence to diagnose your illness or ailment so that the proper treatment can be prescribed.
On average for the individual about 2000 to 3500 U,S. dollars per year.
Professional indemnity insurance protects you and your company against instances like a client holding you liable for advice causing them financial loss.&Professional indemnity insurance rates range from 0.5% of your total cover to 1%.
Severability of Interest is also known as "Seperation of Insured." here's some ISO forms that mention it;
General Liability Form CG 00 01 12 04 on page 12
There's also mention of it under the Business Owners Coverage Form BP 00 03 01 06 page 41.
*****Separation Of Insureds
Except with respect to the Limits of Insurance of Section II -- Liability, and any rights or duties specifically assigned in this policy to the first Named Insured, this insurance applies:
a. As if each Named Insured were the only Named Insured; and
b. Separately to each insured against whom claim is made or "suit" is brought. *****
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