Business Liability Insurance

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Dictionary Says

Definition of 'Business Liability Insurance'

Insurance that protects a company and/or business owner in the event of a formal lawsuit or other third-party claim. Coverage includes any financial liability incurred in addition to expenses related to the company's legal defense. There are three main types of business liability insurance:  general liability insurance, professional liability insurance and product liability insurance.
Investopedia Says

Investopedia explains 'Business Liability Insurance'

If you are a small business owner, your form of ownership - especially a partnership or sole proprietorship - could put your personal finances at risk in the event of a business-related lawsuit.  Even under a limited liability corporation (LLC) you could still be exposed to personal risk. Business liability insurance can provide you with greater insurance protection than is offered by your legal structure. 

New or additional insurance policies should contain an exclusions clause to minimize cost by avoiding duplications of coverage provided in other policies and/or to eliminate any unneeded coverage.
Search results for

'Business Liability Insurance'

  • Cover Your Company With Liability Insurance

    http://www.investopedia.com/articles/pf/08/CGL-insurance.asp
    ... policy. Just as every business needs a CGL policy, every policyholder needs
    appropriate personal liability umbrella insurance. Many ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/default.asp
    ... 10.8 Umbrella Liability Insurance; 10.9 Business Insurance; 10.10 Professional
    and Director Liability; 10.11 Worker''s Compensation. 11. ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/cfp4.asp
    ... 10.8 Umbrella Liability Insurance; 10.9 Business Insurance; 10.10 Professional
    and Director Liability; 10.11 Worker''s Compensation. 11. ...

  • Insurance Coverage: A Business Necessity

    http://www.investopedia.com/articles/pf/08/business-insurance-coverage.asp
    ... property damage; Theft; Bodily injury; Business interruption for specified reasons,
    with exceptions specified. Product Liability This type of insurance, which may ...

  • Starting A Small Business: Business Structures | Investopedia

    http://www.investopedia.com/university/small-business/protect.asp
    ... doing business. Regardless of your structure, business liability insurance
    is probably a good idea. Business Liability Insurance ...

  • Should You Incorporate Your Business?

    http://www.investopedia.com/articles/pf/08/incorporate-business.asp
    ... as a normal course of business, create a potential risk of injury to themselves
    or others should purchase business or personal liability insurance in addition ...

  • New Year's Planning For Business Owners

    http://www.investopedia.com/articles/pf/08/planning-for-business.asp
    ... company adequately covered in terms of liability and/or ... Are insurance companies running
    multi-policy deals at the ... of the year in order to garner your business? ...

  • Identifying And Managing Business Risks

    http://www.investopedia.com/articles/financial-theory/09/risk-management-business.asp
    ... a top priority. Product liability insurance, as an obvious example, is not
    necessary in a service business. Some risks are inarguably ...

  • Do You Need Casualty Insurance?

    http://www.investopedia.com/articles/pf/08/casualty-insurance.asp
    ... This is the most common type of liability insurance. This policy usually covers
    libel, slander and physical injuries that might occur on a business property to ...

  • Filling The Gaps In General Liability Insurance

    http://www.investopedia.com/articles/financialcareers/08/liability-insurance.asp
    ... cost include location, class of business and claims ... see Understand Your Insurance
    Contract.) Most ... you discontinue you professional liability coverage, often ...

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