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02-21-2022 |
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A particular risk or cause of loss covered by an insurance policy, such as a fire, windstorm, flood, or theft. A named-peril policy covers the insurance policy holder only for the threats named in the policy in contrast to an all-risk policy, which covers all causes of loss other than those specifically omitted - What is whole life insurance.
Liability insurance coverage protects your company from suits-- both the legal costs and the settlement or judgment costs, if any. General liability covers injuries and damages that take place in the course of operating. Casualty insurance coverage focuses on injuries on your organization premises and criminal offenses versus it. Residential or commercial property insurance coverage covers losses to your land, structures, and possessions, and it is sometimes integrated with casualty insurance coverage. "General" liability insurance sounds as if it covers everything you might be demanded, however it normally covers injuries and damages triggered by you and your staff members. General service liability policies usually consist of mistakes that cause injuries on your residential or commercial property. https://answers.informer.com/user/erforergbv |
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