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However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Without specialized landlord insurance, property owners may find themselves covering substantial repair costs, legal settlements, and lost income out of pocket.
GeneralLiability Insurance Generalliability insurance is essential for any business, including tailors. It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services.
It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. – Liability Insurance: Covers your business in case of lawsuits due to injuries or damages caused as a result of business operations. The good news?
Basic coverage usually includes reimbursement for trip cancellation, interruption and delay because of illness, bad weather, baggage loss or delay, medical insurance and medical evacuation (in case of illness or injury during travel) and a 24-hour assistance telephone line. For example, insurance for a $2,000 trip may cost $80 to $160.
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