The
liability insurance helps to protect the assets by offering the first line of security
against the types of claims. By covering the cost of protecting or settling
these asserts, the liability insurance policy keeps your business safe. The contractor insurance liability covers
the five fundamental categories.
Bodily injured:
It
normally includes the physical harm to the people when working at the business
place or the injury caused by the workers at the client side.
Product liability or completed
operations:
It
contains the loss after the business completed work for a specific customer like
installing plumbing, repairing appliances, etc. It also includes the distributing
and manufacturing products.
Personal injury:
The
personal injury generally includes the damage to the rights or reputations of
the people or the business due to libel, invasion, slander, copyright
infringement, privacy, wrong eviction, false arrest, etc.
Advertising injury:
It
is the losses caused by the advertising like spoken or written.
Liability insurance:
It
is the damage from the acts of contractor hired by the business.
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