Is personal liability insurance useful?
"Personal liability insurance can be useful for some people. It protects against financial losses if you are sued for slander, defamation, invasion of privacy, etc. People such as journalists and private investigators usually purchase it."
5 people found this useful
Liability insurance In the Unites States, a landowner can sometimes be held liable for certain occurrences on the owned land. A Landowner is typically NOT held liable for the actions of tenants. This is what Renters Insurance is for. A Tenant can purchase property and liability insurance on a… tenants policy. A property owner also is Typically NOT liable for the actions of criminals or others that may have entered your property illegally. So while its a good idea to maintain some type of Liability Insurance for Vacant Land to cover some occurrences where the owner might be liable. One should not presume that the property owner is liable for anything and everything that might occur on the property. (MORE)
Ask your friends for a referral to a good local independent agency in your area. If you are new in business, you may be told that because of what you are doing and because you are new in business, you might have to be placed with a Surplus Lines (i.e., hard to place) carrier at higher rates. Check… with several independent agencies, perferrably by asking for local referrals first. Agents are very busy and good ones are selective about who they insure. If you are referred by a valued client, they will respond more enthusiastically than if you just call or walk in. A "personal chef business" is not something they are used to finding coverage for, so you may encounter resistance. Go out of your way to explain what you do and what controls you employ to avoid liability claims. Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more! (MORE)
If you are involved in an accident with a person who has no insurance and they are at fault does your insurance pay for repairs to your vehicle if you only have liability insurance?
No, Liability Insurance is just as it says, Liability only pays for damage you cause to another. It will not pay for damages to your vehicle if you had only liability coverage. s from other contributors Usually they don't. If you had no type of uninsured motorist protection which doesn't cost t…hat much it's in your hands basically to repair your damages. You could sue the assailant for everything they are or ever will be worth but after you win the case they will eventually declare chapter 7 bankruptcy and you'll never get anything from them. Take my suggestion and GET uninsured motorist coverage on your next vehicle. It may cost a little more but it's well worth it. another answer: I live in Texas, and, yes, the liability only pays for the other vehicle, assuming you were at fault. If the other driver was at fault, their insurance should pay you. HOWEVER, I want to explain something that most people don't know. If you have only liablility, and your car burns, you hit an animal, a tree falls on it, or ANYTHING that is not your fault, including running off the road and hitting something, you are just out of luck. BUT, if you have "COMPREHENSIVE INSURANCE" you will be covered for all of these things. Comprehensive insurance is VERY inexpensive, and if you have to file a claim using it, your rates will not increase. I drive older vehicles, and full coverage isn't feasable, so, I have liability and comprehensive on them. Several years ago, one of my trucks burned, and I was comphensated very fairly for it. If I had had only liability, well, I'd been walking. Please check it out if you are used to paying for only liability. I don't think comprehensive will pay if the other person just didn't have insurance, but, it will pay you if an "act of GOd" has happened, something unavoidable, like fire, and accidents not involving other vehicles. billlyh In the state of Kentucky they have "no fault" insurance which is mandatory even on only liability....so you're covered in the event someone else causes the accident. However, after your car is fixed and there is no other insurance company to collect off, then your insurance will go up to pay for the claim. There is also "uninsured/under insured" riders. Check with your insurance company and state Dept of Insurance. (MORE)
This would be general liability but you may be suprised howexpensive it ends up. Used tools can result in bodily injury to theuser, in which they could come back and sue you saying you sold thetool and it was unsafe. I don't think this is going to be a cheapinsurance policy, probably $2,500 minimum …per year no matter howbig the company is. (MORE)
Answer . \nMost policies match your bodily injury per person/per accident liability limit w/an uninsured/underinsured motorist coverage. In other words if you were hurt, check with your agent for uninsured/underinsured coverage provided by your policy. Your liability limits will be divided by s…lash marks. If your limits are 100/300/100, you probably have 100,000 per person/ 300,000 per accident coverage for yourself. If not, get a new agent.. LIability . Well if you're at fault your insurance will cover their damages. If police are called they will be cited and their license can be suspended for one year. However, that is between them and the police. Your damages will not be covered since your coverage type only covers other cars. If you are hit and they have no insurance, your only real option is to sue them and hope for the best. (MORE)
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Two million dollars is the common amount that most chefs beginwith. It is important to have a comprehensive policy to protectyourself in case you are sued.
Contact an agent, and your employer, but your employer's coverage would more than likely cover you while on the job.
Answer . You should be able to find liability coverage from any Property & Casualty agent in CA excluding those that do only personal lines (home & auto). You are probably looking at two different types of liability coverage. First is general liability which coverage your business and second Erro…rs 7 Omissions which covers your work product. (MORE)
What type of liability insurance can you get to lease a commercial building for personal non-business use or is an umbrella policy from your homeowners liability insurance enough for the landlord?
Umbrella policies are often written as "following form" which means it only provides coverage if your primary (i.e. homeowners policy) provides coverage. Ask your insurance agent if you need to add the new location to the liability section of your homeowner's policy. You may also need "fire legal …coverage" which can pay the landlord if you accidentally cause fire damage to the leased building. (MORE)
If your liability amount is only 100000 and a person suffers 250000 in claims does the injured persons insurance pay anything?
Depends on several things... if you are in a state that has optional "Uninsured/UNDERINSURED motorist coverage, and they have it... then it could pay. If you are in a No Fault state, then they may have some primary coverage that would also contribute. But for that great of a difference, $100k in i…nsurance and $250k in injuries, the third party could definitely seek remedies from the person who was deemed to be at fault in the accidents. Sue them personally.. (MORE)
Personal trainer does not have any liability - so the question has no positive answer
Is this seems like an incomplete question. Homeowners policies typically have personal liability on them.
I am an insurance agent in the southeast and have been writing personal chefs for 7 years now. Whether you are new in business or have been in business for years, does not matter. I have worked closely with two major personal chef associations and would be happy to help you with that as well. I can …provide same day quotes and binding. No money needs to be paid at binding. The company will send you a bill depending on the installment option that you choose. My information is as follows:. Joetta MacMiller, CISR, CPIW l Commerical Insurance Specialist First Citizens Insurance Services l Phone (888) 322-4678 ext. 4230 email@example.com (MORE)
Does a small historical assn which uses a room in a building whose owners have liability insurance need their own liability insurance?
This is not as straight forward as it seems. If someone visited the historical association and tripped over a floor board then the buildings insurance would be liable.. However if someone from the historical association mis placed a chair and a visitor fell over it then the historical association w…ould be liable.. For all types of public liability insurance visit http://www.uk-liability-insurance.info (MORE)
Umbrella policies set on top of personal liability insurance policies. Normally your homeowners policy provides this type of coverage . the umbrella policy should follow the coverage of the personal liability . It may or may not provide coverage for volunteer positions as policies are different from… state to state and company to company. You need to consult your personal agent to review you current poliicy to make sure your policy provides the coverage that you are asking about (MORE)
This is a broad question and i will give you some examples. lawyers, doctors, business consultants,accountants,architect,engeeners,. design professionals,insurance agens and brokers, contractors,nurses,computer tech,technology consulatants,commercial plumber,commercial electricians,beauty shops,ha…ir designers,fiancial planers and consultants.......and the list go on and on (MORE)
Personal Liability insurance is purchased by individuals and is normally included as part of a residential insurance policy, such as a Homeowners, Condo or Tenants package. It provides the insured with protection against lawsuits from third parties arising from the ownership and/or occupancy of the …residence, including the personal actions of insured persons (eg. a visitor to the residence slips and falls on the front walkway due to a build up of ice/snow). General Liability insurance is the common abbreviation used in the industry to refer to "Commercial General Liability" insurance. A Commercial General Liability (CGL) insurance policy is purchased by a business and provides protection against claims by third parties for Bodiliy Injury and Property damage arising from the operations of the insured. Example: ABC Construction Inc. wins a contract to construct a new office building. During construction one of ABC's employees drops a hammer which hits a passing pedestrian on the head. The pedestrian sues ABC Construction for his/her injuries. ABC's general liability insurer will defend ABC in the lawsuit and pay any judgment which may be rendered against ABC (up to the policy limit). Hope this helps. (MORE)
Technically, there is no difference between the two, besides thefact that many of the public and product liability risks are oftencovered together under a general liability policy. These risks mayinclude bodily injury or property damage caused by direct orindirect actions of the insured. You can re…ad more about public liability insurance on the Bizcoverwebsite in related links (MORE)
Not if the injury occurred away from the home No. And also not if any crime was involved.
If you have liability for an accident, you will need to contactyour insurance company. If you do not have liability insurance, youmay need to pay for the accident out of pocket.
You should always contact your insurance company when you're involved in any kind of collision or your vehicle experiences any kind of damage. Each state is different in terms of laws regarding fault and no-fault and your insurance agent will be able to answer all your questions regarding the collis…ion. (MORE)
If a person has dwelling only insurance and a person dies in a accidemtal fire in this home is there any liability for funeral expenses etc?
Of course not. You state they have dwelling only coverage, thatmeans they only pay for loss of the dwelling. No life insurance canbe attached to a dwelling insurance policy. Sorry.
Your liability insurance does not cover medical expenses in yourvehicle no matter who is driving. Depending on your state and theregulations there, this could vary somewhat. Liability is coveragefor the party and passengers in a vehicle that you hit if you areat fault. If you are talking about a per…son in the other car thenyes, but if you mean a person in your car the answer is no. Youneed to purchase "Medical Payments" or PIP coverage to providemedical coverage fro those in your car. (MORE)
Professional liability insurance will protect you against lawsuits arising from your actual professional services rendered. Suppose you have a consulting business, and you are sued for providing incorrect information, that would be a professional liability. Insurance agents and accountants need a si…milar coverage called Errors and Omissions. Doctors and Lawyers need Malpractice... General liability pertains more to premises coverage for your place of business, to protect you against situations like a slip and fall. General liability would also cover any damages or bodily injury that your business caused while at a customer's location. It would also cover you for your products or completed operations of your business. Most general liability policies specifically exclude professional liability. (MORE)
Professional Liability insurance provides coverage for claims thatmay arise from the practice of your profession. Personal Liability Insurance provides coverage for claims that mayarise from your daily life activities.
Professional Liability Insurance, sometimes called E&O insurance covers judgments, settlements and the costs of legal defense that may arise from the conduct of your profession or the professional services you provide to your clients. The named insured is the professional who purchased the insura…nce policy. (MORE)
Can a homeowner get a third party liability insurance covering ONLYvisitors who might have an accident while on the premises (not thehouse itself and its furnishings and belongings) Thank you Elie
Liability covers the other person that you damage. Uninsured and under-insured motorist coverage carries those in your vehicle. Medical payments coverage covers everyone involved regardless of fault.
So does that mean you cannot get an umbrella liability policywithout having some primary coverage first? I am a landlord. Let'ssay I am not concerned about property damage or fire loss, justliability. Is there any type of insurance I can buy just forliability? _______________________________________…______________________________________________________ In answer to your question, by its very nature, there has to beunderlying coverage in order to have an unbrella policy. Otherwise,there is nothing for the umbrella to supplement. Differentinsurance companies have different underwriting requirements as tothe amount of underlying coverage you much have to get an umbrellaof a stated amount. Since you are a landlord, and presumably want coverage on therental property, you may want to look into a Commercial GeneralLiability insurance policy. It is a broad form of policy thatcovers an array of risks. Only a licensed insurance agent canadvise you on what is best for your needs. However, since it isrental property, I do not understand why you would not wantinsurance on the property itself, such as fire insurance, unlessthe property is uninsurable. --Luke Brown (MORE)
In many cases when you enter into a contract, whether it is a contract for work, a lease agreement or any other type of contract, there will be clauses covering insurance and indemnification, which is a fancy word for covering someone else's financial loss. Liability insurance provides money to c…over losses to others due to negligence on the part of the insured. In this case, the insurance company is indemnifying the insured. If there is an indemnification clause in the contract then the contractor must indemnify the contractee as specified. This is most usually done by adding the contractee as either an additional insured (in the case of liability insurance) or as a loss payee (in the case of property insurance) to their existing policy. If the person entering the contract does not have insurance or does not have sufficient insurance, then those policies can usually be purchased. However, having the insurance or having the contractee named on your policy does not alleviate the indemnification. (MORE)
No, in the United States it is illegal to operate a motor vehicle on public roads without proof of " Financial Responsibility ". A motor vehicle liability insurance policy is only one of several means by which to meet our financial responsibility requirements.
No, Insurance is a means of contractually transferring risk including the risk of liability to another entity, namely the Insurance Company issuing the policy.
Insurance liability is found in different scenarios, but for this example I will use Auto Insurance liability. Most automobile lenders require anyone with an auto loan to have insurance liability. This means if you cause an accident while operating your vehicle, you may be made liable to pay the cos…ts of damages and medical bills. While insurance liability is a good thing to have, especially if you are the one who is the victim of an accident, it can also be a costly, though necessary thing to have. (MORE)
This covers you from anything you are liable for. Try to get with a known name company that will cover you a good amount. You always want to make sure you have enough coverage for anything you are insuring.
In a nutshell, public liability insurance is a special insurance a business or a commerce can buy to protect itself financially in case of a lawsuit brought against it by a patron injured at/on it's premises.
No. These are completely different types of coverage which cannot be interchanged. I can't think any case where someone would even think this is a possibility.
How can you get liability insurance coverage for a person trying to get their license using your car and you already have coverage?
You just contact your insurer and add the new driver to your insurance policy. Otherwise you are allowing an un-insured driver to operate your vehicle. Bear in mind that a claimant can sue both the driver and the owner of the vehicle if they have been injured in an accident. They can sue the dr…iver because he was thr direct cause of the accident. They can sue the owner for negligence because he allowed the un-insured driver to operate the vehicle. (MORE)
1 Million in Canada, 2 million in the states, More lawsuits in U.S and less restrictions on how much you can sue for.
In most cases, clients are handed over with the processes and legal documentation of getting an insurance from a company - providing the necessary information ,limits and scope of the client's insurance - which then includes liability insurance.
The insured and the owner of the vehicle are both legally responsible for the vehicle and they could both get sued for an accident.
Your applicable deductibles are listed in your Insurance Policy. If you have difficulty reading your policy just contact your insurance agent for clarification. All Policies are not the same so it just depends on the coverages and deductibles you requested when you purchased your insurance.
Personal liability insurance provides additional coverage to other insurance policies. Without personal liability insurance, any thing that one's home or car insurance could not cover, one would have to pay out of pocket. Personal liability insurance will cover those fines.
A person can find information on liability insurance in his local government council. Alternatively, one can look in website called InsureMyLiability.
Many insurance companies will provide liability insurance at various rates depending upon the situation. Examples worth looking at would be Cornell and Admiral who provide good low rates for it.
The major auto insurers will offer a comparison service for liability insurance for you upon request. Progressive, Nationwide, All State and State Farm are four major companies who will compile this information for you upon request. This may be done via their websites, over the phone, or in person a…t an office location. (MORE)
Liability insurance is used to cover a business if a customer or member of the public was to suffer a loss or injury as a result of its business activities and if that person made a claim for compensation.
Contractors general liability insurance is based on one of two things, total receipts or payroll and cost of subcontractors. Contractors general liability insurance covers a company if their employees get hurt on the job or cause damage to a property while working.
Liability insurance only covers damage you did to the othervehicles, property, and persons. It does not cover any damage toyour vehicle or yourself. Towing your vehicle would only be required if it was damaged, soyour liability insurance won't cover it (but the other person'sliability might dependin…g on the actual findings of fault). (MORE)
Generally, you can't buy comprehensive without first buyingliability coverage. Liability covers damage you do in an accidentif it is your fault. Comprehensive will not even pay for yourvehicle in an accident. It only covers fire, theft, vandalism,animal collision, etc.