Liability Insurance

If somebody has a 100K dollar net worth how much liability insurance do they need?


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2011-08-16 22:38:17
2011-08-16 22:38:17
Amount of liability insuranceYou should get enough general liability insurance to cover your net worth or your perceived potential liabilities.

If you're involved in high-risk activities, you might consider even more insurance.


Related Questions

It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.

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.

Many business insurance companies will provide liquor liability insurance. However, to make sure that you are getting both the right cover and the best deal it may be worth discussing with a broker.

The personal liability portion of your car insurance is for damage you may cause to others. The collision portion of your car insurance is for your vehicle. If your vehicle is very old, with lots of miles and is not worth much, you may consider not getting it.

hard to say...but being that old, it could be worth a lot to somebody who collects coins hard to say...but being that old, it could be worth a lot to somebody who collects coins

Each state has regulations regarding auto insurance. Any agent or company that gives you a quote must consider the state requirements and offer coverage that meets or exceeds those requirements. You are required to carry insurance. If the vehicle is free of liens, you can carry only liability to cover any damage that you might do to property or persons when driving. The cost of driving without insurance is quite high. So, yes, liability insurance is well worth it, in both the short- and long-run.

Any Vehicle that is road worth must have insurance for at least liability. If the vehicle is not road worthy it does not have to have insurance but will not be covered for anything if someone were to damage it by fire or theft. Insurance may also differ from country to country.

What someone sues you for rarely has anything to do with how much insurance you have. As a practical matter, the plaintiff will rarely go after the personal assets of a tortfeasor, unless there are social issues involved (dui) or the defendant has large assets and the injuries are very serious. no. they can sue for future earnings as well.

The syntax of the question is flawed and therefore unanswerable as stated. However, if you meant 'are accounts payable an asset to the company or a liability?' -the answer is that payables represent what you owe to somebody and are therefore a minus(liability) to overall net worth of the business.

Unless you know somebody trying to put together a collection of them an are will to pay a premium, value is $1.05

The Liberty Dollar is worth One Dollar!

The Canadian Dollar is worth the most.

It's worth one dollar.

There really is not enough information here, but my initial reaction is 'no, unless the subject of insurance is really old'. Before you buy, get some competitive quotes. MyInsuranceXpert

A US dollar is worth 0.9822561 of a dollar in Europe

Usually if the vehicle is over 10 years old and worth less than $3500. However, the value is a personal preference. If you have a $3500 car and it was totaled with no comprehensive or collsion coverage, could you afford to replace that vehicle without insurance reimbursement? So the dollar amount is your own risk.

Yes, a penny is worth 1/100 of a dollar, a nickel is worth 1/20 of a dollar, a dime is worth 1/10 of a dollar, and a quarter is worth 1/4 of a dollar!

It may be necessary to carry motorcycle insurance if the state your vehicle is registered in requires it. In any case, it is probably worth the relatively small upfront cost to carry motorcycle insurance to avoid any expensive liability in the case of an accident.

As of November 6, 2008, One Fiji dollar is worth .6618 Canadian dollar. Or: One Canadian dollar is worth $1.5110 Fiji dollar.

A Canadian dollar worth 1.031.

At the time, it was worth one dollar.

Dollar bills are not always worth one dollar, however one dollar bills are worth one dollar for the sake that 1=1, it is a one dollar bill, and can be exchanged for goods and services.

1 Australian dollar is worth 1.06 Dollar in US

Yes, but remember it's only worth 60% of a comparable clean titled car so make sure it's worth buying collision and not just liability/comprehensive.

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