WebApr 4, 2024 · Professional liability insurance is a crucial form of coverage for businesses across industries, as even the most competent professionals can make mistakes or face allegations of negligence. Though organizations of any shape and size face this risk, a few specific types of businesses are at higher risk of being sued for negligence or errors and ... WebAug 17, 2024 · Employer’s liability insurance protects your company from costs arising from employee injury lawsuits, including legal fees, damages and settlements. It's usually …
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WebMar 25, 2024 · In the United States there is an Oil Spill Liability Trust Fund which helps to offset claims for oil pollution. But this Fund provides limited coverage per oil spill. It is rumoured that in Guyana the operators have taken out insurance to the extent of US$2B. What is not clear is who will cover liabilities in excess of this sum. WebSep 18, 2016 · Typical limits in a contract require a minimum of $1,000,000 per occurrence and $2,000,000 aggregate (1M/2M). We are seeing more and more insurance limit requirements that stipulate $2,000,000 per occurrence and $4,000,000 aggregate (2M/4M). The typical General Liability policy is written 1M/2M limits with some companies writing … hcr rohstoffe
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