Liability — Liability covers bodily injury and property damage (BI/PD). This covers your legal liability, up to the dollar limits you select, for damages caused to others in a covered vehicle accident. In most states today, liability insurance is mandatory.
Term life insurance is the most affordable type of life insurance available. It is designed to meet temporary life insurance needs; providing protection for a specified period of time, the term. For example, a term of 10, 20 or 30 years.
Business insurance is a broad description that can be broken down into a list of nine types of insurance policies and here I will briefly explain the coverage and expand on these as individual topics. For now, these are general descriptions so that we are talking about the same thing when I use these terms in later articles.
Whether you rent apartment, duplex, townhouse or house, your landlord's insurance covers losses or damages to the building itself. To protect your personal property, you'll need a renters policy to repair or replace property that you own if it is stolen, damaged or destroyed.
All motorcycles on the road are required by law to have motorcycle insurance. Motorcycle insurance protects a motorcycle and its owner in the event of a loss. The term motorcycle policy encompasses motorcycles, scooters, mopeds, snowmobiles, ATVs, and golf carts.
Workers' Compensation is insurance which compensates employees for wage replacement and medical bills in the event of an injury on the job. Though it is not required, there are benefits to maintaining workers' compensation.