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You should contact a good agent and they will be able to help you with this, I would assume they 'partnership' would be the owners.

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โˆ™ 2007-08-25 13:22:08
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Q: If a farm is owned by three separate parties how should liability insurance be handled?
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What is the purpose of public liability?

Public liability is a type of insurance policy. This insurance protects or covers the user for legal liability to third parties (that is, potential lawsuits against them imposed by third parties).

Does liability insurance get you money for a car if your car is totaled?

The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.

What type of liability insurance do you need for childrens birthday parties?

If the parties are small events at your home then your homeowners insurance should be sufficent to cover any liability concerns. If it is some big event you can purchase special event coverage to provide liability insurance for the event. These are suprisingly inexpensive for one or two day events.

What is the difference between employers' liability insurance and public liability insurance?

The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.

What does employers public liability insurance cover?

Industry and commerce are based on a range of processes and activities that have the potential to affect third parties. Public Liability insurance covers these third parties who may be physically injured or whose property was damaged as a result of the company.

Will liability insurance cover if an employee is hurt on the job in Texas?

No. Your workers compensation coverage is what will cover a worker injured on the job. Your liability insurance is covers injury to your clients, customers, or other parties.

Inchoate offenses and parties to a crime do not entail separate criminal offenses Outline what these theories of criminal liability entail and what conduct is required in order to prove such liabilit?

Inchoate offenses and parties to a crime do not entail separate criminal offenses. Outline what these theories of criminal liability entail and what conduct is required in order to price such liability

What is covered by public liability insurance?

Public liability insurance covers damage or injury to third parties, whether they be visitors, tradesmen of even trespassers, that occur on your property or through your actions or lack of action.

What is meant by third party liability in marine insurance?

A person other than the parties to a liability policy (i.e., not the insurer nor the policyholder) is a third party.

What if both parties only have liability insurance after a car accident?

If you were at fault, your insurance co will cover the damages to the other vehicle ONLY, not your....and vise virsa.

Is liability insurance necessary for pony parties?

Yes, if you are planning to travel to a clients location or home you need to have liability insurance. Usually 1M is sufficient. I suggest you contact a pony company in your area and ask them for a reference. All reputable companies work together and do not mind sharing information. If you are uninsured and have an accident you risk loosing everything. While most back yard birthday parties don't ask for insurance, you will find that all parties that are held in a public park require proof of insurance. Expect to pay about $1,400 / year for insurance. Good luck!

What is Third party Auto Insurance, and when should I be needing to know this information?

This type of insurance covers liabilities to third parties (as the name pointedly suggests). It covers, among other things, liability for injuries to people, liability for damage to private property, liability for damage caused by a trailer attached to the car, etc.

Benefits of Kawasaki motorbike insurance?

Kawasaki does not provide insurance coverage for their own motorbikes. A number of third parties will insure your Kawasaki motorbike and benefits vary by policy but typically include collision and liability coverage.

What is UM in car insurance?

UM stands for uninsured motorist. This type of coverage is used to take the place of the other parties insurance in paying for damage to your bodily injury and property damage expenses if the other party does not have insurance. You can purchase various amount of UM coverage just as you can for your liability insurance though most companies will not let you buy more UM coverage than you do for your liability coverage.

Will insurance cover the cost of a claim if your vehicle is unregistered and im at fault?

The registration of the vehicle has really nothing to do with the insurance. If you have valid insurance at the time of the accident, then you will have coverage for the type of coverages on your policy. If you only had liability, then the other parties vehicle will be covered as well as injuries of the other party. Your car will not be fixed under liability, you have to have physical damage coverage for your vehicle to be repaired.

What does liabilty insurance cover?

Auto liability insurance covers physical damage to the other vehicle if you are at fault. It also covers injuries for parties in the other vehicle when the accident was your fault. It does not provide any coverage for your vehicle, you, or passengers.

Who are the parties that enter a auto insurance policy contract?

The Insurer and the Insured are parties to an insurance contract.

Does liability insurance cover construction mistakes?

Liability insurance covers third party lawsuits resulting from a contractors operations. This includes parties injured by faulty construction and also property damage resulting from faulty construction. Liability insurance DOES NOT cover the contractors property that is "their work" which needs to be covered by builders risk insurance. Construction insurance policies are complex so make sure you work with a construction insurance broker to get quotes and understand what you are buying. Policies can be written to exclude types of work, certain projects, certain types of claims, and prior work performed.

Does liability insurance cover you from an uninsured motorist?

No. Liability insurance protects you from claims by third parties if an occurrence is alleged to be your fault and the third party claims compensable damages. It indemnifies you (pays damages on your behalf), and provides a defense (hires and pays an attorney at its own expense-if it wishes to contest liability or damages). A liability insurance policy is triggered only if the allegations made against you arise from a type of risk contemplated by the policy--for example, an auto liability policy will not apply to a trip-and-fall claim made in a store that you operate. Uninsured motorist coverage is a different coverage. It pays to you the same kind of damages, based upon an assessment of relative fault and seriousness of damages, that the at-fault party's liability insurance would have paid if that person had liability insurance. It generally applies to only bodily injury damages-not property damage. A useful paradigm by which to think about it is that liability coverage is "third-party" coverage (pays to injured third parties based upon your fault), whereas uninsured motorist coverage is "first party" coverage which you maintain as a source of compensation for yourself if the at-fault has no bodily injury liability coverage.

Whose insurance will pay for death in auto?

It is usually the at fault parties insurance that pays. There may also be coverage in the deceased parties insurance.

What is the difference between personal liability insurance and general liability insurance?

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.

What is the difference between Comprehensive General Liability insurance and Public and Products Liability insurance?

The correct term is COMMERCIAL GENERAL LIABILITY. The term Comprehensive General Liability is a old term that was at one time used as well as Public and Products Liability. These terms are often used to mean the same ideal. Over the years the legal profession will contunuie to use them in a written contract. However it should be corrected to the correct term so all parties ar not confused. Often you may see the term expressed as COMMERCIAL GENERAL LIABILITY including products and completed operations.

What does cross-liability interest clauses in insurance contract mean?

This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.

What is the difference between lessor's risk insurance and property liability insurance?

Lessors risk coverage is for the owner of a property that leasing it to a tenant and needs a policy to cover their interest in the building and liability for third party claims. Property liability or general liability is typically included under the lessors risk policy and protects the owner from claims by third parties. For example, if I was walking up stairs in a building, slipped and fell resulting in a broken arm the owner could be found responsible for my injuries.

Is dept an asset liability or an expense?

Debt is a liability for business as it is taken from third parties for running business and refundable to third parties on the event of liquidation or maturity date whichever come first.