Is A property or liability insurance policy a business or liability contract?

Answer A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...

Top Q&A For: Is A property or liability insurance policy a b...

What type of liability insurance can you get to lease a commercial building for personal non-business use or is an umbrella policy from your homeowners liability insurance enough for the landlord?

Umbrella policies are often written as "following form" which means it only provides coverage if your primary (i.e. homeowners policy) provides coverage. Ask your insurance agent if you need to add... Read More »

How much does it cost to start a commercial general liability and commercial property insurance policy?

It all depends on the type of business and the size. Commercial general liability and some contents ($10,000 or so) for a small office might be as low as $500 per year.However, the cost of insuranc... Read More »

What is the difference between Property owner's liability and Tenants liability?

Property owners Liability is the financial , legal liability attaches to property owners due to their property, where as tenants libility vice versa

What is the difference between Comprehensive General Liability insurance and Public and Products Liability insurance?

The correct term is COMMERCIAL GENERAL LIABILITY. The term Comprehensive General Liability is a old term that was at one time used as well as Public and Products Liability. These terms are often us... Read More »