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Liability Insurance
Types of Liability insurance coverages
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[QUOTE="Augusta, post: 294596, member: 25283"] There are different types of liability insurance coverages and they include ithe following: Advertising Injury Liability Coverage This is protection on the business marketing campaign gone wrong or the business uses art or logos that similar to another business that brings a lawsuits. the iability insurance will cover any losses that came from those lawsuits, the business need not worry. Bodily Injury Liability Coverage This coverage is about someone or people on the business of commercial property getting hurt.. So the person makes a claim for tripping or slipping on your floor. The liability insurance will cover the medical costs related to the injury w Property Damage Liability Coverage Another coverage is the Property damage coverage. which is to covers anyone personal property that's damaged while at an insured business premises .it also applies when the insured is on another business premises and damage their property. Reputation Harm Liability Coverage This is a coverage for an insured causing harm to another business’s reputation and getting sued for libel or slander. the policy will take the cost off the insured Legal Liability Coverage Liability insurance covers the cost of legal defenses for insured lawsuits. No need for the business.to hire a legal team for its defense as they would be covered by this policy [/QUOTE]
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