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A commercial generalliability 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 …
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
It helps cover accidents, repairs, and liability claims, ensuring your business isn’t financially burdened by unexpected incidents. Beyond vehicle coverage, you may also need generalliability insurance, which protects against third-party claims for injuries or property damage during business operations.
Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims. Generalliability insurance: Coverage for legal claims related to customer injuries or property damage.
Risk Allocation in Commercial Contracts Review how parties can allocate risk by incorporating a force majeure clause, an indemnification, a limitation on liability, termination rights, a Uniform Commercial Code (UCC) product warranty, detailed payment terms and guaranties, insurance obligations, and other contractual remedies.
Contingent bodily injury cyber attacks can cause physical harm, directly or indirectly. One key step is making sure clients have adequate coverage options for bodily injury in their Cyber Liability Insurance policies. Cyber Liability for Bodily Injury: Some Examples How might a cyber incident end up causing bodily harm?
Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. Generalliability : Covers the costs of fighting litigation plus covered damages that might come from it.
In California’s vibrant technology sector, understanding the scope of your Cyber Liability Insurance and Data Breach Coverage is as crucial as having the coverage itself. The Gaps in Cyber Insurance: Cyber Liability Insurance and Data Breach Coverage are designed to protect against various cyber threats, but they have limitations.
As a business owner, it’s crucial to protect your business from potential risks and liabilities. 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.
Professional Liability Insurance (Errors & Omissions Insurance) For IT consultants, developers, or tech startups, mistakes can happen. Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients.
Generally, the only exception to this exclusion is if the mold results from another cause of loss (i.e., Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (generalliability – bodily injury/property damage) mold exposure.
In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more. There are various types of liability insurance, including generalliability, product liability, and professional liability.
Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries. For instance, frequent third-party claims for premises liability may have led to restrictions on Med Pay coverage or a higher deductible to give the customer a bigger stake in safety measures.
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.
Understanding GeneralLiability Insurance Generalliability insurance is a must-have for any business. It covers legal expenses and damages related to accidents, injuries, or negligence claims on your business premises. It provides them with benefits if they suffer work-related injuries or illnesses.
As reported on Hunton’s Insurance Recovery Blog , the Fifth Circuit recently held that Blue Bell Creameries’ commercial generalliability (CGL) insurers do not have a duty to defend the ice cream company in a shareholder lawsuit, which arose from a Listeria outbreak.
But beyond just the employee benefits, the workers’ compensation and generalliability markets are also feeling the pinch of increased medical costs. We’ve broken down the midyear trends by market for: Commercial Auto Commercial Property Cyber GeneralLiability Employee Benefits Workers’ Compensation EPL D&O Get your copy now!
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.
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. Product Liability Insurance As a tailor, you create and sell products to your customers.
Our program also offers your clients generalliability insurance, which can help cover legal costs that can occur on work sites. For instance, employees injured on the job should be covered by their Contractor’s GeneralLiability policy. Our Builder’s Risk program does not cover some specific risks.
However, it will not be covered for liability claims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. Instead, a contractor’s operations liability should be covered by a separate Contractor’s GeneralLiability policy.
– Is there a high level of professional liability in your operations? 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.
Both types of policies involve legal liabilities and are important. Understanding E&O Insurance Errors and Omissions (E&O) Insurance is liability coverage protecting professionals against claims for negligence, errors, or mistakes made in the course of their work. E&O is a subset of Professional Liability Insurance.
Rates for generalliability, commercial auto, and umbrella/excess liability continue to increase, albeit at a reduced pace. Social inflation and rising claim costs are top concerns for liability insurers. Over the past 23 consecutive quarters, liability rates have seen steady increases.
Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site. Our program also offers the following coverages: Generalliability insurance Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Tennessee?
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.
One key focus is Illinois’ Biometric Information Privacy Act (“BIPA”), but as lawmakers in other states continue to introduce legislation aimed at regulating the use of biometric data, more court decisions may muddy the waters regarding what conduct may be covered under a generalliability policy.
It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. – Liability Insurance: Covers your business in case of lawsuits due to injuries or damages caused as a result of business operations.
This survey covers state law on the issue of faulty workmanship as an occurrence for purposes of coverage determination under a commercial generalliability (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.
Understand less common situations involving construction accidents or personal injuries that occur within the construction area. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
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 commercial generalliability 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 the case for further developments. Total Recalls: 21.
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