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A commercialgeneralliability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made by Philadelphia Indemnity …
At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. So, how do you determine which commercial insurance products will best protect your business? The post How Do You Know What Commercial Insurance Products Your Business May Benefit From?
Injury claim severity in the state is slightly higher than in the rest of the country. Property damage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher. The five-year average count for liability claims increased 24.9
Welcome to our blog post on how to maximise your business growth by securing the right commercial tailors insurance. As a tailor, it is crucial to protect your business from potential risks and liabilities. GeneralLiability Insurance Generalliability insurance is essential for any business, including tailors.
Introduction Running a business comes with its fair share of expenses, and one of those is commercial insurance. This guide will teach you practical ways to save money on your commercial insurance. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.
While you may have the basic insurance policies in place, such as property and generalliability insurance, there are several other essential insurance policies that you might be overlooking. Additionally, generalliability insurance typically does not cover claims related to professional services or cyber incidents.
This practice note discusses project delays due to defects or deficiencies, poor coordination or communication with the owner or other members of the design/construction team, or the discovery of defects during or after the project, as well as claims involving construction accidents or personal injuries that occur within the construction area.
This practice note discusses project delays due to defects or deficiencies, poor coordination or communication with the owner or other members of the design/construction team, or the discovery of defects during or after the project, as well as claims involving construction accidents or personal injuries that occur within the construction area.
It can also cover injuries from repetitive use that develop over time rather than an acute injury that happens suddenly. “Workers’ comp” is short for “workers’ compensation” and can help pay for medical care and other expenses if one of your employees becomes sick or is hurt on the job from hazards like exposure to chemicals or a fall.
Liability Insurance Liability insurance protects your business from legal claims and financial obligations resulting from injuries, property damage, or negligence caused by your business operations. There are various types of liability insurance, including generalliability, product liability, and professional liability.
Cyber liability insurance helps cover costs related to: Data breaches Ransomware attacks Notification of affected parties Legal fees and fines Why it’s critical in California : California’s strict data protection laws, like the California Consumer Privacy Act (CCPA), mean IT businesses face higher liability if customer data is compromised.
But beyond just the employee benefits, the workers’ compensation and generalliability markets are also feeling the pinch of increased medical costs. Social Inflation & Nuclear Verdicts Jury verdicts exceeding $10 million, also known as nuclear verdicts, have been plaguing several industries including the commercial auto market.
As reported on Hunton’s Insurance Recovery Blog , the Fifth Circuit recently held that Blue Bell Creameries’ commercialgeneralliability (CGL) insurers do not have a duty to defend the ice cream company in a shareholder lawsuit, which arose from a Listeria outbreak.
Read now » Related Content Allocation of Latent Injury and Damage Claims State Law Survey Examine the method used across the 50 states and the District of Columbia for allocating damages for latent bodily injury and property damage claims, sometimes called long-tail or continuous injury or damage claims.
This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. Our program also offers your clients generalliability insurance, which can help cover legal costs that can occur on work sites.
Basic coverage usually includes reimbursement for trip cancellation, interruption and delay because of illness, bad weather, baggage loss or delay, medical insurance and medical evacuation (in case of illness or injury during travel) and a 24-hour assistance telephone line. Additionally, the U.S.
Commercial properties: Business owners may face higher repair costs for their establishments, particularly if specialized equipment or materials are required. Factors Influencing the Commercial Property Market “We expect the commercial property market to experience significant rate increases as it adapts to evolving industry dynamics.”
Familiarising yourself with the various types can help you craft the most effective insurance package: – GeneralLiability Insurance : Covers third-party bodily injury, property damage, and advertising injuries. Ask yourself: – Does having generalliability insurance save me from costly lawsuits?
Qualified Pollution Exclusion State Law Survey Do a deep dive into the qualified pollution exclusion under 1970’s-era commercialgeneralliability (CGL) policies and potential claims involving pre-1986 policies or claims still in the litigation pipeline (because of the nature of occurrence-based CGL policies) which can be triggered by injurious events (..)
Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site.
This survey covers state law on the issue of faulty workmanship as an occurrence for purposes of coverage determination under a commercialgeneralliability (CGL) policy. Generally, an insured's work product is not covered, but defective workmanship that causes property damage is covered.
Specifically, the ATVs exceed mandatory maximum speed limits for youth ATVs, posing a risk of a high-speed crash that could lead to serious injury or death. These products do not meet the CPSC’s mandatory safety standards. The CPSC issued the same warning for another brand of youth ATVs a few months earlier.
The CLAIM Act would let these businesses obtain insurance to cover the same risks of theft, damage, injury, loss, and liability as all other businesses. Easier to operate Passage of these laws would make it easier for cannabis-related businesses to operate.
seeking to avoid coverage under commercialgeneralliability policies for a derivative lawsuit against Blue Bell’s directors and officers arising out of a 2015 Listeria outbreak that resulted in a nationwide recall of ice cream products. We will continue to monitor this case for further developments. Total Recalls: 21.
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