Acquiring Liability Insurance Coverage in Business
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Acquiring Liability Insurance Coverage in Business
Acquiring liability insurance coverage is an important step for individuals, businesses, and organizations in protecting themselves from financial losses and legal liabilities resulting from accidents, injuries, and other unexpected events. Liability insurance is a type of insurance policy that covers the insured party’s legal liabilities to third parties, such as customers, clients, employees, or members of the public.
There are several types of liability insurance policies that may be appropriate for different types of individuals, businesses, and organizations. Some of the most common types of liability insurance policies include:
General liability insurance: This type of insurance provides coverage for claims arising from bodily injury, property damage, and personal injury resulting from the insured party’s business operations. This may include slip and fall accidents, product liability claims, or defamation lawsuits.
Professional liability insurance: Also known as errors and omissions insurance, this type of insurance provides coverage for claims arising from professional negligence or malpractice, such as errors in medical treatment or financial advice.
Employer liability insurance: This type of insurance provides coverage for claims arising from workplace accidents or injuries, such as workers’ compensation claims or wrongful termination lawsuits.
Product liability insurance: This type of insurance provides coverage for claims arising from defects or malfunctions in the insured party’s products, such as a faulty car part or a contaminated food product.
Cyber liability insurance: This type of insurance provides coverage for claims arising from data breaches, cyber attacks, or other types of cyber security incidents.
Acquiring liability insurance coverage typically involves several steps. The first step is to identify the specific types of risks and liabilities that the individual, business, or organization may face, and to determine the appropriate types and levels of coverage needed to mitigate those risks. The next step is to research and compare different insurance providers and policies, and to obtain quotes and proposals from multiple providers.
Once a liability insurance policy has been selected, it is important to carefully review the terms and conditions of the policy, including the scope of coverage, exclusions, deductibles, and premiums. It is also important to understand the claims process and to know how to file a claim in the event of an accident, injury, or other unexpected event.
In summary, acquiring liability insurance coverage is an important step in protecting individuals, businesses, and organizations from financial losses and legal liabilities resulting from accidents, injuries, and other unexpected events. By identifying the specific types of risks and liabilities that may be present, and by selecting the appropriate types and levels of coverage, individuals and organizations can effectively manage their risk exposure and protect their financial and legal interests.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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