When was the last time you bought a defective product? When was the last time you received and incomplete because of a service company? Are you aware of cases where a company has products and services, has sued the proposal? These are some questions that everyone can easily answer, because chances are it has happened to everyone at least once.
Companies and groups usually try to provide the best products and services to consumers. But in reality do not alwaysCould happen. In fact, companies can easily get into trouble for Legal Services defective products and incomplete. In this case, liability insurance takes on the task of dealing with any problem that arises.
In particular, the insurance covers damage (especially in the economic form) that the Company may receive, as an action is filed against. Moreover, the insurance coverage all legal costs.
There are three main Types of liability insurance. Although all three are limits of liability insurance, you have a specific purpose and each covers certain cases.
General Liability Insurance: This type of personal injury coverage, property damage or advertising. Insurance companies can survive on this kind of unique, and is the most common form of liability insurance for businesses.
Professional liability> Insurance: The insurance covers problems that may occur due to errors, omissions or negligence. certain professions such as doctors and technical advisers, some areas are required to have this type of insurance a.
Product liability insurance: personal insurance handles injury caused by a defective product, the business was produced by this. The range and level of risk dependsType of activity.
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