If you have 100k in assets and 100k worth of liability insurance wouldn't somebody just be able to sue me for 200k?

Anyone who has a job and assets to protect.

form_title=Liability Insurance form_header=Ensure that your assets are properly protected from any lawsuits that may be brought against your company. Liability insurance can safeguard against several known and unknown risks. Type of liability insurance needed?= {(),Business Liability Insurance,Property Liability Insurance,Commercial Liability Insurance,Professional Liability Insurance,Directors and Officers Liability Insurance,Product Liability Insurance,Other,Not Sure} Have you ever had liability insurance before?= () Yes () No Business Type:=_ Years in business:= {(),0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,More}

If insurance paid in advance then it is asset but if insurance benefit taken and payment not made then it is liability.

Business liability insurance protects a company's assets from a lawsuit. If a business is high risk or doesn't have enough capital to cover a lawsuit, they should have business liability insurance.

Commercial auto insurance General liability insurance Highly recommend you incorporate to remove the liability from your personal assets work comp if you hire drivers

Liability insurance. An irrevocable trust made with the help of an attorney.

Even if you do not own a car, you still need insurance protection if you drive one. The auto you borrow, rent, or use may have proper insurance coverage, but you also should protect yourself with personal liability protection. Here is how to get it: Ask for the cost of higher liability coverage based on the assets you own and your projections of future income to be protected. For your protection, consider purchasing as much…

General liability insurance is required for your business as soon as you have something to protect, whether that be assets, sales, employees, a building, etc. We recommend you buy general liability insurance once you have a location, sales, employees, or anything to lose. GL Insurance helps you protect and defend your business from lawsuits.

A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.

Umbrella insurance is extra liability insurance. It is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future. It does this in two ways: Provides additional liability coverage above the limits of your homeowners, auto, and boatinsurance policies.

Personal liability insurance is intended to cover you for damage you may cause to others. The amount of insurance you choose to get depends upon your assets and personal financial situation. There may be certain state minimum requirements as well.

NO! The accounting equation is Assets = Liability + Owners Equity Therefore if you want to change the formula around the following would be correct. Liability = Assets - Owners Equity or Owners Equity = Assets - Liabilities

Assets- Liabilities = Owners Equity :)

accounting equation assets = liabilities + capital so if assets increases either liability or capital will increase for this purpose 1. assets means both long term assets and short term assets 2. capital means owners equity 3. liability means outsliders liability

form_title=Business Insurance form_header=Business insurance is the surest way to protect your business and its assets from financial distress. A licensed insurance professional can help you customize your insurance policy today. Type of business insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Multiple Products,Personal Insurance,Not Sure} Type of business: =_ Number of part-time employees:=_ Number of…