Indemnity Insurance: What It Is & How It Works
Indemnity insurance is a type of insurance policy that provides compensation to an insured party for unexpected damages or losses. It is designed to protect professionals and businesses in the event they are found at fault for a specific event, such as misjudgment or malpractice. In this article, we will explore what indemnity insurance is, […]
Tech E&O Insurance: What It Is, Coverage & Risks
In today’s digital age, technology plays a crucial role in the operations of businesses across various industries. However, with the increasing reliance on technology comes the risk of errors and omissions that can lead to financial losses and legal disputes. That’s where Technology Errors and Omissions (Tech E&O) insurance comes into play. In this comprehensive guide, we […]
A Guide to Business Consultant Insurance
Whether you’re an independent consultant or lead a thriving consulting firm, navigating the business world comes with its share of risks. From client claims to cyber threats, safeguarding your assets and reputation requires the right coverage. But with so many options, where do you start? Let us delve into the essential insurance needs of business […]
What is a Certificate of Insurance (COI)
A Certificate of Insurance (COI) is an essential document for businesses and contractors, serving as proof of insurance coverage. It outlines key terms, coverage limits, and policy details, providing reassurance to clients, partners, and stakeholders that the policyholder is protected against potential liabilities. Here, we explore what a COI is, its importance, and how to […]
Understanding the Value of Contractors Professional Liability Insurance
Do contractors need professional liability insurance? As a general contractor, you may face economic loss due to project delays or faulty workmanship that entail expensive repair costs. Also known as errors and omissions insurance, professional liability insurance coverage protects contractors from financial losses arising from claims of professional negligence, mistakes, or errors in their work. […]
Builder’s Risk Insurance
Builder’s Risk Insurance, alternatively referred to as course of construction insurance, stands as a specialized form of property insurance specifically designed to safeguard buildings in the process of construction. While vital for the protection of construction projects, this insurance type can be intricate and occasionally misconstrued. Nevertheless, a well-structured builder’s risk insurance policy holds significant […]
A Guide to Media Liability Insurance: Coverage, Cost, and Content
In today’s interconnected world, media professionals face a multitude of risks. From accidental copyright infringement to allegations of defamation, a single misstep can lead to costly lawsuits and reputational damage. Imagine you run a social media marketing agency. Your team creates a viral campaign for a client, but an image used in the campaign accidentally […]