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Initially, it looked like all restoration costs would be covered by their general liability coverage.
"Most businesses are familiar with their commercial insurance policies providing general liability coverage to protect the business from injury or property damage.
At the moment, the city and the contractors, together, have about $75 million in general liability coverage, which they say may cover basic accidents, but not a flood of lawsuits over asbestos pollution.
The city and the contractors now have about $75 million in general liability coverage combined, an amount they say may cover basic accidents but not all the lawsuits they expect over asbestos pollution and the like.
RTN's general liability coverage at 1120 Brighton Beach Avenue is $1 million, an amount Mr. Wiener said was more appropriate for a house than for a 150-unit building.
Erickson says that the school has general liability coverage and it's sufficient to the task.
Similar(52)
It's likely that if your client is a major corporation, you will need to carry general liability insurance with coverage of at least $1 Million just to submit an RFP response.
The policies included general liability, workers' compensation and coverage for Brookhaven's airport, cars and marinas.
Earlier this month, the California Joint Powers Insurance Authority notified Maywood that it was terminating general liability and workers' compensation coverage because the city posed too high a risk.
If you have a home office and you don't have a business that incurs significant liability -- you're a psychologist, bookkeeper -- you can have very little coverage". General liability insurance protects a business if a customer is injured on your property, while businesses whose employees frequently drive company-owned vehicles can benefit from commercial auto coverage.
Make sure general liability insurance policies include coverage for medical payments, legal fees, property damage, lawsuits and settlements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com