Can professional liability insurance cover breach of contract claims?

Yes, some PLI policies cover breach of contract claims, particularly when the breach results from professional errors or negligence. However, coverage depends on policy terms, and exclusions may apply. Reviewing the policy carefully is essential to understanding coverage limitations.

How much does whole life insurance cost?

Whole life insurance is more expensive than term life insurance due to its lifelong coverage and cash value feature. Premium costs vary based on age, health, coverage amount, and insurer.

Do all insurance policies have a grace period?

Not all policies include a grace period. It depends on state regulations, provider terms, and the specific type of insurance you have.

What happens if multiple beneficiaries disagree on the payout?

If multiple beneficiaries are named and a dispute arises, the insurance company may delay payment until the issue is resolved. In cases of severe disputes, the matter may go to court, where a judge determines the rightful distribution based on policy terms and legal considerations.

What are the legal consequences of non-disclosure in insurance?

Non-disclosure of material facts may lead to policy cancellation, claim rejection, or contract voidance if it significantly affects the insurer’s risk assessment and premium calculation.

What types of claims are covered under employer liability insurance?

It covers claims such as unsafe work conditions, lack of proper training, employer negligence, and failure to provide necessary safety measures.

Does collision insurance cover accidents caused by an uninsured driver?

Collision insurance will cover your car's damage in the event of an accident with an uninsured driver. However, you may need uninsured motorist coverage to cover medical expenses and other damages.

What is a catastrophic peril?

A catastrophic peril is an event that causes widespread damage, such as hurricanes, earthquakes, and wildfires, often requiring special coverage or government-backed insurance programs.