While both umbrella and excess liability policies provide an additional layer of liability coverage, there is a fundamental difference in how they work and the scope of their protection. Understanding this difference is crucial for an individual or a business that wants to ensure they have the right amount of protection from a catastrophic lawsuit….
For young drivers, car insurance is a significant and often expensive necessity. Young drivers, particularly those under the age of 25, are seen as a high-risk group by insurers due to a lack of driving experience and a higher statistical probability of being involved in an accident. As a result, finding the best car insurance…
Car insurance provides a crucial layer of protection against the financial costs of vandalism, which is an act of deliberate and malicious damage to property. While a basic car insurance policy will not cover vandalism, a comprehensive policy will. It is a vital safeguard against the unpredictable and often expensive costs of a malicious act….
Business Income and Extra Expense (BI/EE) coverage is a vital part of a business insurance policy, designed to protect a business’s financial stability in the aftermath of a covered disaster. It is a safeguard that goes beyond repairing physical damage to the property, ensuring that a business can survive a period of operational shutdown and…
In a lawsuit for libel or slander, also known as a defamation lawsuit, a person or a business alleges that they were harmed by a false statement made by another party. While the terms are often used interchangeably, libel is a written or broadcast false statement, while slander is a spoken false statement. A lawsuit…
For accountants, professional liability insurance is a non-negotiable policy that provides a crucial safeguard against the high costs of a lawsuit. Also known as Errors & Omissions (E&O) insurance, this policy is designed to protect an accountant from lawsuits that result from a mistake or omission in their professional work. The best professional liability insurance…