For most business you’d find on ‘Main Street’, a Commercial General Liability (CGL) insurance policy would offer enough protection. A CGL protects your business if a customer sues you after they slip and fall on your premises or if they get sick eating your food. But for certain types of businesses that offer advice or professional services, they need extra protection in the form of professional indemnity insurance.
Professional indemnity (PI)
Term life Insurance is often misunderstood, and with many options available in the insurance market it is easy to see why…. we have deconstructed some of the basic concepts for you below in order to simply this type of life insurance.
What is Term Life Insurance?
It is designed to pay a death benefit if the insured (policyholder) should die during the policy period (the term). Although term life insurance builds no
At Trusted Union, our clients often ask us what happens if you claim under a Critical illness or Life Insurance policy? Do insurance companies actually pay out in the event of a claim?
We thought a real life example would help you understand what might happen. Jaime, one of our clients agreed to share his experience with us.
Here is his story:
‘Illness was the last thing Jamie worried about. A successful 35-year-old
Product liability insurance is becoming more common. As individuals purchase products in a more digitally sophisticated environment companies can find themselves exposed to lawsuits. This leaves manufacturers, exporters, distributors and retailers greatly exposed. Even a frivolous lawsuit has to be defended.
What is product liability insurance?
Product liability insurance protects your company’s third party legal liability in connection with your products. The insurance covers actual harm to a consumer’s body or property.