General Liability

General liability insurance is a kind of insurance that allows for risk transference. Individuals or companies that face the risk of an unforseen catastropic event, formed a group and created a self-help fund out of which to pay compensation should any member incur loss. relies on dedicated carriers to offer protection against specified perils in consideration of a premium. Liability insurance is designed to offer specific protection against third party claims.

Contractor

While some independent contractors may work for a number of different organizations throughout the year, there are also many who retain independent contractor status even though they work for the same organization for the entire year. A sub-contractor is an individual or in many cases a business that signs a contract to perform part or all of the obligations of another's contract. Contractors conducting work for government agencies are typically referred to as prime contractors.

Insurance

Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.