Tag: Liability

Coverage for Manufacturers of Large Vessels

Boat manufacturers face unique business risks, even among businesses that build and fix watercraft. Unlike the companies that build smaller vessels, including some light yachts, the builders of tankers, barges, and large yachts generally deal with vessels that need large crews, operating for commercial purposes. Even when a vessel is being purchased as a personal

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Top 3 Ways Professional Liability Insurance Protects You

People who work in certain professional service occupations have the added stress of knowing their livelihoods are on the line if anyone comes to harm in the course of their duties. While it may feel like you’re carrying the weight of the world on your shoulders, professional liability insurance market can help carry the burden

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Protect Your Business Against Financial Statement Fraud

Financial fraud can be devastating to a business. When a company or accountant misrepresents a company for the sake of benefiting individuals or the company itself, this can be the source of major lawsuits. What Is Financial Statement Fraud? Financial statement fraud can take on a variety of different forms. It may include someone hiding

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Key Differences of Employment Practices and Employers’ Liability Insurance

Running a business comes with its benefits and challenges. Often issues arise in the workplace that may necessitate employment practices or employers’ liability insurance. Yet, both policies provide different coverage, and it helps to understand the differences. Here are some essential things to note before you pursue coverage for your office. What Is Employment Practice

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Important Considerations for Running Your Own Engineering Firm

As an experienced engineering manager with many projects under your belt, the idea of having your own practice is appealing. You’ve built your professional network and cultivated important client relationships, giving you a strong foundation for starting your own shop. You’ve planned for several operational needs: Office space Equipment and business tools Staffing Investment funding

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Unpacking the Mystery of Public Entity Liability

A public entity may be defined as an organization that provides public services, such as a government office, educational institution, or city. Defining public entity liability, however—something considered a necessity for many in the public sector—is more complex. 1. What Is It? Public entity liability is insurance that covers incidents such as property damages and

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Finding Proper Insurance for Allied Health Professionals

Not everyone who works in the field of medicine is a doctor or nurse. In fact, a vast majority of people who work in hospitals and other medical establishments are administrators, contractors, occupational specialists and more. When you run a business in the medical industry, you need to understand the steps you need to take

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Understanding DO Coverage

There are liability risks with almost every job level, and the management team at your company is no exception. To make sure that they are covered, you need a solid D&O policy. Knowing Your Needs When managing D&O risk, it’s important to know what it covers. D&O claims center on errors allegedly committed by members

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Do I Need First Party or Third Party Cyber Coverage?

When you first approach liability insurance related to cybersecurity risks, it may be difficult to know whether you need first or third party coverage. Luckily, it is relatively simple to determine which is most appropriate for you and your business once you consider a few key elements of what you do. It is all about

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