What is the difference between liability insurance and being bonded?

Answer You might be asked by the state to carry both insurance and a bond. The insurance will cover the 3rd party in case of injury or damage that you might cause them. If your obligations are not met the... Read More »

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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 »

What is the difference between personal liability insurance and general liability insurance?

Personal Liability insurance is purchased by individuals and is normally included as part of a residential insurance policy, such as a Homeowners, Condo or Tenants package. It provides the insured ... Read More »

What is the difference between general liability insurance and cargo insurance?

General liability refers to products completion and labor, while cargo is specific to transportation, such as hauling equipment or goods. The cargo insurance would kick in if there was damage to th... Read More »