LB Insurance, a World Company

Many businesses across different industries are exposed to a variety of common risks. General liability insurance is a broad liability insurance policy that safeguards businesses from several risks at once. Broadly speaking, policies offer protection from claims and lawsuits filed by third parties over covered incidents.

Condominium insurance generally doesn’t cover the common areas of condo complexes. The responsibility of insuring areas like entryways and hallways usually falls to condo associations, which generally are able to purchase coverage for common areas through condo association insurance policies.

Most home insurance policies are “package policies,” which means they combine several coverages into one, convenient package. The exact coverages that policies provide can vary, but they usually include the following three main protections: Dwelling Coverage, which usually insures the policyholder’s actual home; Personal Property Coverage, which normally insures the policyholder's personal belongings (e.g. small appliances, furniture, clothes, and similar items); and Liability Coverage, which generally offers protection from a variety of potential liability lawsuits that accuse a homeowner of causing injury or damage.