What is general liability insurance

First let’s talk about what general liability covers.

General Liability insurance covers bodily injury and property ┬ádamage to a third Rd there are some supplementary converages available but for the most part you’re buying bodily injury and property damage coverage.

So that’s what we’re talking about this video. These injuries or this property damage can result for your ongoing operations.
It can also result from your completed operations.

Here’s what general liability is not. general Liability is not tools and equipment coverage. You need an inland marine for that.

It’s not going to cover your commercial vehicles. There are separate policies for that. For you’re injured employees your going to want to have a workers compensation policy.

General liability Exclusions

There are 15 standard exclusions in all general liability policies and we’re gonna go through those one by one. First of all insurance is for accidents it’s not for things that you expected or intended to happen. You can’t just go out and assume liability in a contract and expected it to be coverd, contractual liabilities excluded. However there are a few exceptions to that,
particularly indemnification agreements. Those are very important part of construction contracts and those are considered ensured contracts.

It does not cover any licour liability. It’s not gonna cover, as we already said, workers compensation or employers liability. You want a workers comp policy for that.
It’s not gonna cover polution coverage. There is a limited amount of pollution coverage in your general liability policy but for pollution coverage
you’re going to want to get a commercial pollution polcy.

Aircraft, watercraft and autos, those are all covered under separate policies.
On your mobile equiptment it will cover your liability while you’re using it on the job site but not if you’re driving the equiptment down the road or in transit.

It does not cover Acts of war. Other property damage exclude exclusion, that’s excluding damage to your property. it’s not excluding damage to a
third parties property. There is coverage or property damage to a 3rd party. It does not cover your works or your products. What I mean by that is it only covers damage that results from your work or from your products it does not cover damage to your work or to your products.

Probably the last three exclusions

It’s not gonna cover property damage to property that was already damaged

It’s not going to cover your product recalls.
Finally they do exclude the personal injury but then they do end up adding that later back later in the policy. So there is personal injury coverage in the policy.

Bankruptcy Video Series 1

This first video will give you basic information about the process of bankruptcy, the relief it offers and how to find the legal help you may need.

Thank you for watching this video on bankruptcy basics. This video will explain what bankruptcy is and what happens in a bankruptcy case. This information is provided to help consumers and individuals like you understand the bankruptcy process.

People are having more trouble paying their debts these days. Sometimes bankruptcy is considered a remedy for this situation. Bankruptcy is our legal process by which you can deal with your debts when you can no longer paid them by filing bankruptcy many individuals find that they’re anybody get most if not all bills discharged. Meaning wiped out where you keep most if not all of their property and or get extra time to pay bills if you have a regular income.

An individual called objector usually files bankruptcy to obtain a discharge which will wipe out all or most of his or her debts so that they will not have to kept paying. An Unmarried person may file alone or with the other person once the bankruptcy begins. creditors can not try to collect debts from the bankruptcy debtor or saying the debtor to obtain a judgment with a few exceptions. The creditors have no claim on the debtors future income or future asset.

It is not the only way to deal with too much debt and in some situations another approach might be better. An alternative may include an out of court settlement with creditors,
reduction of payments to creditors, attaining help from a consumer credit counseling service or payment of debts by selling or borrowing on property. These alternatives however require some cooperation from creditors and are more likely to succeed if tried soon after financial difficulties began.

In the next video we will take a closer look at the process of qualifying for a bankruptcy using a means test.

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