Most of the consultants think that they are at low risk but some times the clients want them to be covered with the insurance policy. If the client, employee, or subcontractor claim that business or one of the employees caused them bodily injury or damaged their property, the business may face a costly lawsuit or settlement.
Commercial general liability insurance pays for these types of claims, including defense costs, lost income for the time spent in court and any judgments that includes interest and medical expenses for an injured party. Not only it pays for the claims made by the clients but it also protects business consultants’ liability in the event of accidents at their own offices.
Generally client companies want their marketing consultants, researchers and media professionals to carry the following three types of coverage:
(a) General liability insurance
(b) Professional liability insurance
(c) Workers’ compensation insurance
Some examples of use of the General liability insurance for management consultants are, someone who is giving presentation if damages the clients property or injures someone there, and it is also useful in the situation like where a client injures himself when he trips over the rug in office’s entryway.
General liability insurance is one of the most commonly purchased types of insurance for management consultants, because for the reason if the accidents happens at consultants location or client's site it protect business from the lawsuits ans if they don't have the insurance policy they may be in danger of closing the consultancy unable to pay compensation for lawsuits.
Commercial general liability insurance pays for these types of claims, including defense costs, lost income for the time spent in court and any judgments that includes interest and medical expenses for an injured party. Not only it pays for the claims made by the clients but it also protects business consultants’ liability in the event of accidents at their own offices.
Generally client companies want their marketing consultants, researchers and media professionals to carry the following three types of coverage:
(a) General liability insurance
(b) Professional liability insurance
(c) Workers’ compensation insurance
Some examples of use of the General liability insurance for management consultants are, someone who is giving presentation if damages the clients property or injures someone there, and it is also useful in the situation like where a client injures himself when he trips over the rug in office’s entryway.
General liability insurance is one of the most commonly purchased types of insurance for management consultants, because for the reason if the accidents happens at consultants location or client's site it protect business from the lawsuits ans if they don't have the insurance policy they may be in danger of closing the consultancy unable to pay compensation for lawsuits.
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