Your organization pays a set amount (analogous to a premium) for each employee based, among other things, on family size, into a special account that is maintained either by you or by the Third Party Administrator (TPA) that administers your plan.
The term comprehensive general liability insurance refers to a type of business insurance that protects companies from liability claims related to their business activities. Comprehensive general liability is usually suitable for medium and large companies in the servicing, manufacturing and processing fields. Continue Reading.
A general liability policy covers the cost of damages or settlement fees as well as attorney fees. General liability insurance is particularly important for contractors. Any company that works with heavy or dangerous equipment has a greater risk of injury. And even small mistakes can turn into costly lawsuits.