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Unless there is something badly wrong with the land it is an asset, not a liability.
What else can I help you with?
Is the land you own a liability?
Unless there is something badly wrong with the land it is an asset, not a liability.
Is land an asset or liability?
Asset
Do you have to own a car to have liability insurance?
It sorta makes sense that you would own a car. If you do not own a car why would you want liability insurance?
What liability insurance coverage can be obtained for vacant land?
Whatever coverage amount you wish and that the company will accept, You can obtain liability insurance on vacant land.
Does liability cover you hitting your own car?
no it does not, liability covers only the second party.
Why Tenants Liability insurance?
The property Owners Liability Insurance does not extend coverage to a Tenant. This is one reason a tenant might want to buy their own tenants liability coverage for their own protection.
Do you need public liability insurance if you own land with a public footpath running through it?
Absolutely! You should have a general liability policy because YOU can be held liable and will be named in a lawsuit if any bodily injury or property damage occurs to a third party on that property. Is this land adjacent to your home? Is it officially a park or walking trail?
What Doctrine describes each person as responsible for his own conduct?
Personal Liability
Is direct liability the same as respondeat superior liability?
Direct liability is holding the actor responsible for his or her own actions. Respondeat superior liability is holding an employer responsible for an employee's actions.
In the Commercial General liability what liability exposures has its own aggregate that is separate from the general aggregate?
Premises and operations.
Do land owners need liability insurance on Nebraska cropland that is rented to a farmer?
In most cases I would say no. Presumably, Liability would already have been addressed and covered in your lease agreement. Most commercial lease contracts would specify that the renter will provide their own liability and injury coverage. If yours does not. I would suggest you modify it to do so.
What is the parent's liability if their child is the driver at fault in an accident?
If the vehicle is titled to the parents then little chance of removing liability from mom and dad. If child is titled owner, and has their own auto policy then very likely the parent's can separate their own liability.
