Professional liability insurance, which is also called errors and omissions (E&O) insurance, protects professional service providers against claims of negligence, mistakes or failure to perform professional duties. If you are a contractor who provides design...
Commercial property insurance will reimburse you for direct physical loss to covered business property caused by a covered peril within your policy period. There are two basic types of coverage for property damage: replacement cost coverage and actual cash value, or...
Your commercial general liability (CGL) insurance policy is the foundation for your company’s insurance program. Most businesses need a CGL policy, which provides broad coverage if you cause bodily injury or property damage, and, in some cases, personal injury, to a...
When your business is sued by a third party, your liability insurance company has a good-faith obligation to honor the promises it made to you in your insurance contract. This includes defending you in court and indemnifying you for any judgments or settlements for...
Reinsurance is an insurance product for insurance companies, enabling them to transfer some of their risks to a reinsurance company. By removing some of the risks from its own books, an insurance company can take on more business, diversify its risks, and safeguard...
