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A form of liability insurance, Professional Liability insurance helps protect your professionals against claims of negligence, failure to perform the contracted work, and other related claims by your clients. The insurance will cover the full cost of defending the claim and the damages awarded in a lawsuit.
General Liability insurance protects your business against many common lawsuits. It protects your business from lawsuits concerning third-party bodily injuries, personal injuries, third-party property damage, and other related risks. The insurance covers the cost of defense and court fees.
When your business is also online, you need to be aware that there are risks involved. If your business has been affected by a cyber attack, Cyber Liability insurance covers your business for the notification costs, credit monitoring costs, and lawsuits associated when your business experiences from a data breach that exposes clients' personal information.
Workers Compensation provides wage replacement and medical benefits to employees who become sick or injured on the job, in exchange for the mandatory relinquishment of the employee's rights to sue your business for negligence. This insurance is state-mandated, and it is required by your business if you meet the minimum requirements of the state.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
Translators or Interpreters need insurance as this protects the business from the many risks that it could face. This is especially important because you provide professional advice through translating a document or statement to the language your client prefers. Any mistake or anything lost in translation could be disastrous to your client, and they could sue you for it. When that happens, your insurance will pay the cost of defense and court fees, so you don't have to.
Below are some common risks translators and interpreters could face:
The cost of insurance for translators varies as insurance companies assess this based on the size of your business, the number of employees you have, and the coverage your business needs. If you want to find out the cost of your insurance fast, apply online and receive a free quote in minutes.
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