Liability insurance covers legal fees and settlement costs in case of lawsuits. Businesses may need several types. Many, or all, of the products featured on this page are from our advertising partners ...

An important part of the estate planning process is having proper asset protection in place. When considering proper asset protection planning, the first line of defense is transferring risk, that is, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Business liability insurance protects the financial interests of companies and business ...

Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they’re not prepared. The cost of an ...

The most common types of commercial insurance are property, liability and workers' compensation. In general, property insurance covers damages to your business property; liability insurance covers ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Q. Our association is considering a change in its liability insurance carrier. We currently have what I understand is a “claims made” liability insurance policy. We are considering changing to an ...

With 15 years of immersion in the world of personal finance, Ashley Kilroy simplifies financial concepts for individuals striving toward financial security. Her expertise has been showcased in ...

A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.