1. Third Party Insurance
Third party insurance is a type of liability insurance that covers third parties who may be injured due to negligence on your part. If someone gets hurt while using your product, they could sue you if you were negligent in some way. In order to protect yourself from these lawsuits, you need to purchase third party insurance.
2. Commercial General Liability (CGL) Insurance
Commercial general liability insurance is a type of insurance that protects businesses from legal action resulting from property damage or bodily injury caused by the business’ operations. CGL policies cover many different types of risks including premises/operations, products, advertising, personal injuries, and medical payments.
3. Workers Compensation Insurance
Workers compensation insurance provides coverage for employees who suffer work-related injuries. These injuries are often covered under workers comp, regardless of fault.
4. Automobile Liability Insurance
Automobile liability insurance is a type insurance policy that protects people who drive automobiles from financial loss due to accidents involving their vehicles.
5. Property Damage Liability Insurance
Property damage liability insurance protects individuals and companies from financial loss due to accidental damages to others’ property.
6. Umbrella Policy
An umbrella policy is a supplemental liability insurance policy that extends the limits of your primary insurance beyond your basic policy limit.
7. Directors & Officers Liability Insurance
Directors and officers liability insurance protects directors and officers of corporations from civil suits brought by shareholders of those corporations.