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The most common types of insurance coverage include auto insurance, life insurance and homeowners insurance. Insurance coverage helps consumers recover financially from unexpected events, such as car accidents or the loss of an income-producing adult supporting a family.
Its required in most states and is usually the most expensive portion of a policy. Its also a coverage you dont want to skimp on. If you dont buy enough liability coverage, you could be setting yourself up for financial disaster if your car insurance cant cover all the bills of a car accident youve caused.
The three main types of liability insurance coverage are: General liability. Professional liability. Employer liability.
There are two types of professional liability polices: claims-made and occurrence. Most professional liability insurance policies are claims-made, meaning that the policy must be in effect both when the event took place and when a lawsuit is filed for a claim to be paid.
Liability Risk Insurance Commercial General Liability (CGL) Directors Officers Liability (DO) Professional Liability (aka. Employment Practices Liability (EPL) Product Liability. Cyber Insurance Liability. Environmental liability. Transactional liability or Rep and Warranty Insurance (MA insurance)
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Here are the main insurance types that many industry experts say are worth taking out and how each coverage type works in different parts of the world. Auto insurance. Health insurance. Life insurance. Home insurance.
General Liability insurance is a policy that helps preserve your business assets by covering legal costs and damages or settlements up to the limit of your policy for covered claims. Although you operate your business with care, accidents can happen. For example, a customer slips on a wet floor and gets injured.
There are three types of property insurance coverage: replacement cost, actual cash value, and extended replacement costs.

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