answersLogoWhite

0


Best Answer

That all depends what you are protecting and against what kinds of loss.

If you were a house painter, you may only carry $100,000 worth of liability because any loss would be relatively inexpensive. But if you are a welder or a business that works with explosive chemicals, you may want $1000000 worth or more of liability because of the amount of loss there would be in the case of an unfortunate accident.

AS a contractor that does home improvements, I carry $500,000 of liability. That would cover any damages except for maybe having a house fall down completely.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is one million enough for liability?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much liability coverage for small gym?

Generally, a standard one million dollar liability policy is what most have.


How loud would one million voices be?

one million voices loud enough for to make one sound


Cost of one million retail business liability insurance?

NO way to answer this you will need to contact an agent(s) for a quote.


How much does one million dollar liability insurance cost for a pest control company?

1 billion dollars


What is the price range for liability insurance for corporations seeking 2 million dollars in coverage?

That all depends. What type of corporation? What is your risk exposure? What is your loss history. There is not enough information to answer. Could be 100 dollars or could cost you a million dollars.


What are reasons that one would need to purchase business liability insurance?

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.


One million is equal to what?

Strangely enough, one million is equal to exactly one million: not more nor less.


3 When is a liability classified as a current liability ad as a noncurrent liability?

When liability is payable within one fiscal year then it is current liability while one liability is payable within more than one period then Is non-current liability.


Is 5 littre tank is enough to fill in with one million fish?

No!


Do you have to have full coverage on each vehicle you have or is it enough to have it on one and liability on the others and be fully covered?

You'll be fully covered only on the vehicles for which you choose to place full coverage insurance. The others will only be covered for liability losses if you only buy liability coverage for them.


Where do you find 1 million bottle caps in Fallout New Vegas?

There is no one specific place that has a total of 1 million caps but if you play it long enough and trade enough I'm sure eventually you COULD reach one million caps if the game permits you to do so.


What is the fundamental variable which is used to determine if a liability is a current liability or a long term liability?

if liability is payable within one fiscal year then it is current liability while if it is payable for morethan one fiscal year then it is long terrm liability.