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If you have 100k in assets and 100k worth of liability insurance wouldn't somebody just be able to sue me for 200k?
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Answered 2015-07-16 19:32:36
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.
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Liability Insurance?
In today’s world of legal dispute, lawsuits against businesses are everywhere in Fort Myers, Florida. As a business owner you need to be prepared to protect the integrity of your company; if an accident or mistake turns into a claim. John Perry Insurance Agency understands that mistakes can happen. We are here to help you create a professional liability policy that keeps your day to day operations protected should your business be held legally liable. Get a quote! Contact a John Perry Insurance agent today to prevent mistakes and errors from becoming major losses for your business. Call 863-777-4966.
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