Search Results for: blog the basics about general liability and professional liability insurance

Insurance Blog Week In Review August 22-28, 2007

Insurance Term Of The Week: Dog Bite Liability Wednesday August 22, 2007. For the Small Business the week started with information about liability and Insurance many individuals and businesses need to consider. The Difference Between Claims Made and Occurrence Liability Policies, may not be the most exciting thing to read but, interesting for any small business person. Thursday August 23, 2007. The Small Business Insurance category has been a little slow, so I decided to build on yesterday and add The Basics about General Liability and Professional Liability Insurance I know this isn’t as exciting as Body Part Insurance, but … Continue reading →

The Basics about General Liability and Professional Liability Insurance

Insurance protection for professionals including the small business owners, may require two different major types of liability insurance. These two types of insurance that need to be considered: General Liability Insurance and Professional Liability Insurance. Each of these types of insurance policies offer specific and important protections designed to professionals from financial loss. General Liability insurance This type of liability insurance protect professionals and organizations from the risks of being liable for causing bodily injury or property damage to someone else. If the policy holder is found legally responsible and obligated to pay someone for damages. General professional liability for … Continue reading →

The Difference Between Claims Made and Occurrence Liability Policies

For the Small Business Liability is the cause of damage to someones property and/or bodily injury to another person caused as a result of negligence of a person. Liability Insurance covers a policyholder when they are legally obligated to pay another due to bodily injury and/or property damage caused to another person. Liability insurance may provide coverage for individuals or businesses. There are two major forms of liability insurance policies that can be purchased. The difference between these forms is how the claims are paid when an insured is found liable: Occurrence Claims Policies Occurrence policies provide the insured with … Continue reading →

Insurance Terms: M

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Managed Care is a comprehensive health care arrangement between an employer and/or an insurance company. Selected medical and health providers agree to offer care for a discounted rate to the membership of the plan. Managed care systems use the established medical protocols and procedures generally agreed by the medical community as cost effective. Marine Insurance is insurance coverage on goods while … Continue reading →

Insurance Terms: G

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z GAP Insurance is additional automobile insurance policyholders might consider as an option, in some states. GAP insurance will cover the difference between a vehicle’s actual cash value when it is stolen or wrecked and the amount owed on a lease or to an auto finance company. General Liability Insurance is an insurance product designed to protect a business owner and operator … Continue reading →

Insurance Blog Week In Review March 13-19, 2007

Insurance Term Of The Week: Underwriter I sure have been finding the Parental Liability Blogs very interesting to write. It seems that we are responsible for a wide range of things our children might do as we raise them. This series has sure made me rethink some of the things I expect from the system. Parenting is a real risk financially and some of the ways we are responsible are interesting. Wednesday, March 14, 2007. Four More Parental Liable Issues Negligent Supervision is a legal theory where a minor child’s parents are held liable for their child’s negligent acts when … Continue reading →

Small Business Insurance: Basics

Most business need a certain amount of Insurance in order to protect their company from liability or other risks. A new small business might need just a few key insurance policies in order to safely start and conduct business. But, as a company grows or employs more workers other insurance products and policies are going to be important. Some of the Key Business Insurance Products Growing Business Might Need: Business Overhead Expense Insurance: This is like business disability. The policy is designed to pay the costs of a business when the business owner is disabled. Business Life Insurance: Is Life … Continue reading →

All-Terrain Vehicle (ATV) Insurance

Spring is just around the corner and last week I wrote a Blog about Personal Watercraft, or small boats. The other thing families seem to be attracted to adding as a toy are All Terrain Vehicle’s otherwise known as an ATV. Useful, fun and wonderful way to spend a weekend ATV’s are loved by families, ranchers, hunters, beach safety, and trail riders all over the country. In some cases, a Homeowner Policy might offer some coverage for an ATV that is used only on your own private property. But, most Homeowner policies will not cover if it’s used off your … Continue reading →

Insurance Blog Week In Review January 9-15, 2007

It’s been a busy week for so many people in the United States. The weather has been a huge problem with snow, ice and unusually cold temperatures. Get ready to pay a lot more for Oranges and Avocado’s after the deep freeze in Southern California. Many homeowners have suffered the Midnight Disaster, including my little brother. Caught completely off guard with freezing temperatures and a ruptured pipe in the attic. Thankfully, he was able to Ask Anna (or sissy) for help in this matter! When my brother woke up to find boxes falling out of his attic and water flooding … Continue reading →

When The Other Driver Is At Fault

So far, in this series of Blogs we have discussed the basic steps to take at When You Are Involved In An Auto Accident and Things You Should Say At The Scene of an Accident. In this Blog let’s talk about the steps to take when you are 100% sure, the other driver is 100% at fault for the accident. The most important thing to remember about the fault of an accident is that in some States percentage of fault can be assigned to both drivers. In many cases, when an insurance claim is settled both drivers will be deemed … Continue reading →