Can General Liability Insurance also include Garage Liability Insurance?
Yes it can. In fact, a policy written on a "Garage Liability Form" will show a limit for "Auto" and then also show a limit for "Other than auto". Auto liability is basically due to the fact that the garage will test drive autos while fixing them. Other than auto is the premises or general liability. This shows that garage liability will also include general liability on the declarations page.
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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.
Answer . \nThat depends on the person that was injured and the circumstances of the incident. But yes accidents that happen in or around the home can be covered.
The cost of general liability depends on said person's life, lifestyle, and home. General liability covers many public costs and product liability risks.
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. (MORE)
Too many factors are used in rating a policy contact a few agents and request quotes.
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 average cost for general liability and automobile liability insurance for a mass transit company?
Answer . There are too many variables, you will need to contact an agent or agents and get quotes.
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. (MORE)
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. (MORE)
The companies I work with have a minimum earned premium of 25%. So technically you can buy it by the job but it will cost you a lot more than if you kept the policy for the year. As of August 2012 there are now per job policies available to contractors in about half of the states in the US.
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.
Well it depends on the company providing the policy. Most willcalculate the premium based on your direct payroll and they couldalso add in payroll for your subcontractors. If you don't want topick up the premium charge for your subcontractors you will have toshow the insurance company that the subs …carry their own liabilityinsurance policy. Hope this helps. By the way NY is a difficultstate to even find reasonable liability insurance for generalcontractors. (MORE)
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. (MORE)
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.
The cost of general liability depends on. 1) The type of contracting work you plan to do (Commercial, Residential, Demolion etc). 2) The amount of work you plan to perform in a year. 3) Your expected payroll and/or subcontractor expenses. 4) The amount of coverage you want. (Do you want $100…,000, $500,000 or $2,000,000 in coverage) A $ 500,000 policy can cost one contractor $5,000 and another $8,000. I recommend getting a few quotes from an insurance agent that specializes in writing policys for general contractors. (MORE)
The answer is found in the insuring agreement of the policy. It states that the company(insurance carrier) will pay all sums the insured is legally obligated to pay for bodily injury and property damage to which this insurance "applies"caused by an occurence in the coverage territory. However you mu…st read the document completely to determine wht is not covered. these policies do have exclusions as to what is not covered. Some examples are exclusions for war,intentional injuries or acts,criminal acts, breach of contracts,pollution work comp injuries to your employees and many others.. I suggest you consult a independent agency that is a professional with this type of policy. These type of policies are etremly complex and dependent on the business activity that you are engaged in. (MORE)
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, (MORE)
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. (MORE)
Not only is it possible for the company writing the commercial general liability insurance of a contractor write a surety bond for the same company, it is often preferred.. The insurer writing the commercial general liability (CGL or GL) is uniquely qualified to write the bond quickly and in a more… cost effective manor. The GL insurer already has important underwriting information on the contractor on file, which can expedite underwriting. The insurer already knows the size and expertise of the company, payroll, payment history on insurance premiums, claims history, and usually a loss control survey. They may or may not already have a business credit report on file. Therefore, the carrier which writes the GL only has to gather underwriting information in relation to the specific contract to be covered by the bid or performance bond. This reduces the cost and time to underwrite the bond, and this savings can be passed on to the applicant.. Also, some carriers underwrite insurance from, the "account perspective." The underwriter takes into consideration the profitability of the entire account when writing a new line of coverage, not just the policy presently being underwritten. This means that if the existing lines of an account are profitable, and the bond is seen as marginal or questionable, it may be written as an accommodation by the underwriter in consideration of the other, more profitable lines.. However, not all insurance carriers writing general liability for contractors write surety bonds, or they may not be the most cost effectively priced. However, the carrier writing the GL is a great place to start for a bond, and due to time constraints in certain situations, may be chosen even if they are not the most cost effectively priced.. Remember, there is no difference between carriers on the surety bond form, as it is prescribed by the indemnitee (party which could potentially receive a payment from the bond). The only difference between surety companies is the premium charged for the bond, the collateral required (at the very least a corporate indemnification) and the financial rating of the surety company.. Mark Walters, ARM AAI. West Insurance Group. email@example.com (MORE)
This is a rate established at the beginning of a policy period. It is a rate based on the "average" of the same type of classes or work-such as all restaurant work, etc. This type of policy is normally audited at the end of the policy term to adjust for additons or deletions of coverage throughout t…he policy term. (MORE)
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. (MORE)
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 (MORE)
I am assuming you mean a tenant in a commercial building as opposed to a residential tenant (i.e. apartment dweller).. A tenant in a commercial building will typically be a business of some sort (eg. a Retailer located in a shopping Mall, or a manufacturer who rents a warehouse or plant, etc.). Wha…tever the case, it is important for a commercial tenant to be properly covered by a Commercial General Liability (CGL) policy which will provide protection against claims for Bodily Injury or Property damage caused through the negligent actions of the Tenant/Business. A prudent Landlord will require all of his/her tenants to carry CGL coverage and will seek to be added to the policy as an "Additional Insured". This will help protect the Landlord from lawsuits brought about by the negligence of his/her tenants.. Hope this helps. (MORE)
The insurer's general undertaking in most liability policies is to pay those sums that the insured becomes legally liable to pay as damages because of bodily injury or property damage to which the insurance applies. The insurer also undertakes to defend the insured against any suit seeking those dam…ages for bodily injury or property damage to which the insurance applies (which means that the insurer hires an attorney and pays related attorney's fees and court costs). These coverages are included under Coverage "A" of the Commercial General Liability policy (hereafter, CGL). Coverage "B" provides protection for personal and advertising injury (distinct from "personal injury"). Coverage "C" provides medical payments coverage for an injured person . There are many exclusions to the coverage provided in the standard CGL policy, which must be filled by endorsements or speciality policies in order for the insured to have truly comprehensive coverage. (MORE)
Because some of the types of losses covered by General Liability Insurance are excluded. It does not cover you for discrimination or other illegal acts on the part of the employer. Read your General Liability policy and you will see it is for premises liability and property damage as well product…s completed and injury to your customers. Employment Practices Insurance covers liabilities that could arise from the way you hire and fire your own employees. (MORE)
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. (MORE)
The contractor may not be able to qualify for jobs, as most principals require proof of insurance as a condition of the contract; this is especially true for public sector jobs. If the contractor is responsible for damage to the property owner or others who would otherwise have been within the ambi…t of coverage, the contractor would him/herself be liable for the damages if at fault. Further, if sued, the contractor would be liable for the payment of his/her own attorney's fees and court costs to defend the suit. In contrast, one of the benefits of general liability insurance is that the insurer pays all or most of the reasonable costs of investigation, court costs, and hires and pays an attorney to defend the insured. (MORE)
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. (MORE)
It varies by insurer and and the risks classifications of thecontractor Generally the insurer will calculate a rate for you based on volume(annual gross) or by your annual labor costs or some combination ofboth. Each company can develop it's own methodology for risk ratecalculation.
No, General Liability would cover others for whom you are financially liable. It is not possible under construct of law to be liable to ones self.
Yes. This is why most apartments or landlords require it. This is something that a lot of people overlook when renting. If someone is injured on your promises you are liable. Most comprehensive tenant's policies include $1 million in personal liability, which is pretty standard. Liability coverag…e could also cover you when you are liable for damages off your premises. For example, if you served alcohol to your house guests and let them drive home impaired and they cause an accident that injured 4 people, you may also be held liable and your personal liability coverage would provide protection. (MORE)
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.
NO Totally seperate policies, tenant legal liability can be added tobops, general liability can be found within a bop policy, but theyare different coverages. Work with your broker to understand whatinsurance coverages your company needs and why.
No, Insurance is a means of contractually transferring risk including the risk of liability to another entity, namely the Insurance Company issuing the policy.
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.
The word general is key here - it means that a wide range of actions are covered. Specifically bodily injury or property damage by actions both direct or indirect.
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. (MORE)
In most cases, clients are handed over with the processes and legal documentation of getting an insurance from a company - providing the necessary information ,limits and scope of the client's insurance - which then includes liability insurance.
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 polic…ies 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. (MORE)
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. (MORE)
General liability insurance typically covers a third party from putting a claim against a companies operations. Some of the things that can be covered are property damage and bodily injury.
"LRO" is short-hand for "Lessors Risk Only". It is designed toprotect the property owner of a commercial property leased toothers.
This is considered as the most basic auto coverage. Moreover, this is a requirement to drive legaly in most of the U.S. states. Nation wide website allows you to consult their Resource centre or contact their agents to help you finding the cheap liability car insurance.
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.
There are too many factors to take into consideration before this question can be answered successfully.The first issue is the size of the company. Different sized companies will require different level insurance rates.Another issue is country. Insurance rates will be higher in some countries than i…n others, and some countries will not offer insurance at all. (MORE)
General liability insurance is the best insurance plan for you and your family related to home, car and many more. for more
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.
Liability insurance for tradesmen is important to have for small business owners. Most of the policies include professional advice, equipment and material costs. Several things such as income if you are unable to work due to injury can be added on if desired.