What is strict liability insurance?

Answer If you manufacture products or engage in hazardous activities, you may need strict liability insurance to protect you against consumer claims. This type of insurance is essential for any manufactur... Read More »

Top Q&A For: What is strict liability insurance

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 »

Advantages & Disadvantages of Strict Liability?

In law, liability refers to legal responsibility. Businesses are liable to pay money -- called damages -- to individuals the company has wronged. Individuals who have been wronged by a company can ... Read More »

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 »

What is the difference between farm liability insurance and vacant land general liability insurance?

Farm Liability is often a Farm Comprehensive Personal Liability coverage form and generally covers the land on which you farm as well as the products which you produce as a farmer. It covers the pe... Read More »