Do Supplementary Payments Include Defense Costs? Supplementary payments are covered only in connection with claims the insurer investigates or settles, or suits it defends. Your policy won’t cover investigation or defense costs you incur on your own without your insurer’s approval. What are supplementary payments? Supplementary payments are normally defined to include such items as
Is General Liability Insurance Expensive? Regardless of policy limits, the median cost of general liability insurance is $42 per month (about $500 annually) for Insureon customers. The median cost offers a more accurate estimate of what your business is likely to pay than the average business insurance cost because it excludes outlier high and low
Is Personal Liability Insurance The Same As General Liability Insurance? The main difference, however, is that personal liability insurance covers for injuries or damages that the insured is personally held responsible for while general liability policy, which is also called commercial general liability insurance, pays for the costs incurred from bodily and property harm associated
Does Travelers Have Professional Liability Insurance? Professional liability insurance is a type of business insurance that provides coverage for professionals and businesses to protect against claims of negligence from clients or customers. Professional liability insurance typically covers negligence, copyright infringement, personal injury, and more. What does professional liability insurance cover and not cover? What Professional
Do Supplementary Payments Reduce The Limits Of A Commercial General Liability Policy? Do supplementary payments reduce the limits of a commercial general liability policy? Commercial general liability (CGL) and business automobile liability policies cover supplementary payments in addition to their limits of liability. In contrast, supplementary payments reduce the limit of coverage under most (although