Liability Insurance

How does liability car insurance work?

Liability insurance is a protection for the policyholder who is at fault in an accident. In particular, liability insurance is available to auto, homeowners, commercial, and watercraft insurance. This form of insurance has coverages that protect the policyholders from a lawsuit. There are two components of liability car insurance: bodily injury and property damage liability. Furthermore, without carrying at least a minimum amount of liability coverage, you will pay for the damages you might cause to others with a serious amount of money out of pocket.

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cyber risk

Cyber Risks and Liabilities : Cyber Security

High-profile cyber risk on companies such as Target and Sears has raised awareness of the growing threat of cybercrime. Recent surveys conducted by the Small Business Authority, Symantec, Kaspersky Lab, and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense of cybersecurity. The statistics of these studies are grim. The vast majority of U.S. small businesses lack a formal Internet security policy for employees. Also, it is about a half have even rudimentary cybersecurity measures in place. Furthermore, only about a quarter of small business owners have had an outside party test their systems to ensure they are hacker-proof. Also, nearly 40 percent do not have their data backed up in more than one location.

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Business Insurance


Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best-case scenario” is like a house of cards, one gust of wind—or fire or wrongful termination lawsuit—and the entire business can come crashing down. That’s why smart business owners temper their innate optimism with a healthy dose of reality. In other words, they learn to manage risk. The first step in implementing a comprehensive risk management plan is identifying potential risks. To help you get started, we have provided a list of the top 10 threats facing small business owners. As you read through the list, consider the unique risks facing your business and ask yourself whether those risks are being managed effectively:

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Liquor Liability Insurance

Liquor Liability Insurance : Coverage Insights

Liquor Liability Insurance protects any business that sells or serves alcoholic beverages. Serving alcohol is a common practice for restaurants, bars, catering companies, entertainment venues, and similar establishments. While providing a wide array of beverage options is important. Serving alcohol, in particular, can create a variety of risks for business owners. For instance, if a patron of your business becomes intoxicated and injures a third party or causes property damage. Then you could be held liable for the damages. In order to protect your business from serious financial and reputational losses, it’s important to consider purchasing liquor liability insurance.

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Crime Insurance

Coverage in Action: Crime Insurance

Crime insurance was developed to deal with the limitations of other policies and extend protection to include coverage for a wide variety of wrongdoing. While you may think your business would never be the victim of theft. The harsh reality is that nearly every business can become a victim. In this day and age, thieves do not need direct access to cash to steal from you. Moreover, merchandise, supplies, and securities are all fair game. While standard commercial insurance provides some protection from criminal acts, they often do not cover losses resulting from fraudulent activities.

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Business Interruption Insurance

Restaurant Risk Insights: Restaurant Security Protects Against Business Interruption

Restaurant Security Protects Against Business Interruption in 2020. Restaurants can be easy targets for thieves. Dim lighting, high traffic, and a fast-paced environment mean restaurant workers have trouble detecting and preventing theft. Fortunately, there are ways to improve security at your restaurant and avoid potential business interruptions. Read more about this article and have the best business interruption insurance in Los Angeles.

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General Liability Insurance Policy: Your Defense Against Liabilities

The only way to effectively protect the assets of your business is to carry adequate commercial general liability insurance policy coverage. Moreover, CGL protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable.

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Risk Insights : Business Owners Policies (BOPs)

Business owners policies (BOP) takes some of the guesswork out of choosing insurance and can make it easier to safeguard your business. Business owners face a variety of risks unique to their specific type of business. Choosing appropriate insurance coverage is key to ensuring that the business remains lucrative, especially when any of those risks become reality.

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Umbrella Insurance for Your Business and Peace of Mind

Umbrella Insurance with Business Insurance Los Angeles in 2020. In a culture where litigation is commonplace, business owners have many more worries than making profits and retaining top employees. If your product injures a consumer, your organization could face a devastating lawsuit, and a tainted reputation in the marketplace. To assist with the financial burden of a claim, many business owners purchase commercial umbrella insurance. On top of their insurance theirs a commercial general liability insurance policies.

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