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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Real-World Example: A small construction company faced a 500,000 lawsuit after a worker suffered a fall due to alleged safety violations.

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Surety Bonds Insurance with Distinguished: High Limits, Fast Approvals, and Agent-Focused Service 

Distinguished

If the owner violates the terms of the license, the city can make a claim on the bond to recover damages or penalties. These contract surety bonds protect the obligee (in this case, the city) from financial loss if the contractor fails to deliver on time, within budget, or according to specifications.

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Surety Bonds Insurance with Distinguished: High Limits, Fast Approvals, and Agent-Focused Service 

Distinguished

If the owner violates the terms of the license, the city can make a claim on the bond to recover damages or penalties. These contract surety bonds protect the obligee (in this case, the city) from financial loss if the contractor fails to deliver on time, within budget, or according to specifications.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Coverage of claims made by third parties who suffer financial losses due to the insured’s actions. In carrying E&O Insurance, professionals demonstrate they’re willing to take financial responsibility for any errors or omissions that may occur. Coverage of settlements or judgments awarded against the insured.

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What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

They can cause significant damage to your property, disrupt your operations, and lead to substantial financial losses. Get a workers compensation policy. Should a team member be injured or killed on the job, workers compensation can help protect you financially and legally.