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Exact(14)
One is Ceska's continuing monopoly of compulsory third-party liability cover for cars.
In this case, you might choose a cheaper policy with just repatriation, medical and personal liability cover.
Thousands of small companies are already trading illegally (employers' liability cover has been a statutory requirement since 1969) because they cannot afford or even find cover.
If the public has access to your business premises you will also need public liability cover to protect you against claims from third parties.
In Britain, 15 former directors of Equitable Life, an insurance company that ran into trouble, are currently being sued for more than £3 billion ($4.8 billion)—and their insurers claim that their liability cover does not apply.
A small, mid-western manufacturer might pay $500 a year for $1m of liability cover, while a big multinational may be charged $50,000 for $25m in cover.Discretion is important.
Similar(46)
Hull risks cover the aircraft, while liability covers third-party damage, including the loss of passengers' lives.
Our public liability covers accidents with clients and their property while working with them – simple accidents, such as tripping over a tripod or lighting stand could put you seriously out of pocket if a client sues.
Legal scholarship reflects on the issue of tangible property and data [11] and whether liability covers international cyber torts [38].
Property damage liability covers damage to other people's cars, their fences, their plate glass windows.
American firms' spending on cyber-liability cover jumped from $1.3 billion in 2013 to roughly $2 billion in 2014, says Andreas Schlayer, a senior underwriter at Munich Re of Germany.Most American states have laws requiring some sort of disclosure of hacking attacks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com