Business Liability Insurance

The most common type of coverage protects against allegations of employee negligence, damage to property, and personal injury. General liability insurance also supplies coverage for claims of slander or libel. Libel is a verbal or written statement that can be damaging to a company or individual's reputation. Product liability protects a company if lawsuits develop due to unexpected consequences from the use of their product, or if the product malfunctions. Also included in this category would be defective or insufficient warnings on products. Examples of lawsuits in this category would be if hot foods were not labeled properly or if hazardous chemicals were found in a product after manufacturing and sale.
Professional liability provides protection in the event of lawsuits based on negligent acts or errors made during business activities. An error, mistake or omission can easily take place during any transaction for any type of company. Error omission insurance responds to any lawsuit where someone has suffered or alleges to have suffered a financial loss during performance of services. These policies cover the expenses of settlements that need to be made in the event a mistake was made during business. For example, an architect could accidentally create a design with a structural flaw, which in turn will cost money to repair after construction. Another example would be a financial advisor who inadvertently created a bookkeeping error, resulting in late fees or the loss of money for a customer. Error omission insurance can be fairly costly and some feel it should be avoided unless deemed absolutely necessary by the professional or business.
Corporations, businesses, and professionals often need some form of liability insurance to ensure their assets are protected from lawsuits. Some states even legally require businesses to carry this type of insurance. However, this is not one specific type of policy; it is broken up into three categories. General liability insurance is the most common. Product liability covers the use and operation of actual products, and professional liability includes error omission insurance.
Business, corporations, and professional individuals often need policies in each category of liability insurance to meet their specific needs. Consulting an agent who is familiar and experienced in these types of policies is the best way to make sure adequate protection is achieved. Whether its general liability protection, product liability coverage, or error omission insurance, an agent will work to find the right policy for the best protection.

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1:42 PM | 1 comments

Get the Right Motorcycle Insurance

Motorcycle insurance is a wise investment, since it provides protection for your motorcycle and you. Every time you take your bike out, whether it's to race on a track, or to ride to the store, you face the risk of an accidental collision. All it takes is a moment of carelessness, either on your part or someone else's. Motorcycle insurance is a must to protect your investment in your bike. More importantly, it covers medical expenses in case you or someone else are injured.
Your motorcycle is more than just a machine. It's your freedom, your mobility, an expression of your personality. It's also practical. You need it to get to work and other places. Any car or motorcycle is a major investment for most of us. The risk of financial loss is part of owing any vehicle. It can get stolen or vandalized. Accidents cause even more damage, especially for motorcycles, which don't fare as well in crashes. Fortunately you can afford to repair or replace your bike if you buy motorcycle insurance ahead of time. There are three main types of coverage to look for - personal injury, investment coverage and liability. Just having the minimum insurance required by your state is not enough. You need to make sure that you're covered for what you think you are. The last thing you want after an accident is to find out that something you thought was covered isn't included in your policy.
Personal injury coverage is of paramount importance. Look at the policy carefully. What is the cap on medical expenses? Is it enough in the event of a major accident? Will they pay for lost wages if you can't work? Are passengers covered?
Investment coverage is the insurance on your motorcycle. If your bike is damaged or destroyed, this insurance should pay to repair or replace it. It's very important to look at the caps on this coverage. Also, ask what hazards you are covered against. Some policies might cover you in case of an accident, but not for theft or vandalism. Some even pay for repairs in the event your motorcycle breaks down.
Liability insurance covers you for any damage caused to others in the event of an accident. If you are responsible for a crash and the other party has vehicle damage or injuries, they could sue you for those costs. Most states require you to carry a minimum amount of liability insurance, but it's pretty low. Take a look at the coverage amounts offered, and think about whether they're sufficient to cover damages that might occur. The other party could still sue you if you have insurance but it's not enough to cover their damages. You may consider your own financial situation - how sue-able you are - in deciding how much liability coverage you need.
The better the coverage you get, the higher the premium will be. You will probably choose not to get the most expensive policy with the highest coverage limits. But you need to know exactly what isn't covered on the policy you choose. That is an expense that you will pay out of your pocket in the event of an accident. Often you can save enough money by increasing deductibles to raise the coverage limits. This way your insurance covers you in a catastrophe.

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1:40 PM | 0 comments

How is a Progressive Auto Insurance Obtained?

Progressive car insurance is known for its credibility through the years. They are popular in giving their clients the kind of service that they ultimately need. The company also has the advantage of providing you quotations without asking you to pay for any charges. The company does not only focus on giving its valued and potential customers car insurance services - home insurance is also available. Because of this, you are assured of the flexibility of the company and guaranteed of a lifetime protection including your family.
When you wish to obtain an auto insurance that will completely cover the kind of service that you need, Progressive Auto Insurance might be the answer. You do not have to worry about yourself and your family when an unexpected event comes along because your financial security is one of the company's main concerns. If you are really interested to get protected just like anyone else, browse the internet and log on to the site of the company. Fill out the application form and I'm sure the company will be just happy to serve you. 

Progressive Auto Insurance may be obtained easily through the internet. You'll never have a hard time obtaining this kind of coverage when you seek assistance through the use of the worldwide web. The entire application of the insurance is fast and simple. Aside from that, you can easily get online quotations and you can collect these quotes with your area code. In comparison to other insurance companies, Progressive Auto Insurance may also be deemed as the most affordable one. Because of this, a lot of people who desire to obtain a protection including their families against car accidents are greatly benefited.
The first simple procedure in getting progressive car insurance is to visit its official website. When you visit the website, you are allowed to gain all the essential information you need about the company. You can get any detail that you want that is of great importance to you. What is more beneficial when you try to visit the site is that you are allowed to get various choices that will best satisfy your insurance needs. You can get the important details through logging on and researching about the company.

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1:08 PM | 0 comments