0
You should visit any online insurance broking company like that of Greenlife insurance broking limited. Visit gibl(.)in and you can there compare between different liability policy and can save a lot of money.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
A corporation has an advantage over a proprietorship because corporate organization?
limits the liability of each investor
How much will homeowners insurance pay for living expenses?
You have to review your policy limits. Every policy is different.
Why is limited liability important in the business world?
because it limits your liability to the amount of shares that you hold. So if you hold 100 shares for £1 each, then your liability to the company's creditors is £100 (if you have not already given that to the co when you got your shares)
What is the minimum liability insurance needed to meet financial responsibity?
The minimum Liability Requirements in the United States are regulated by each individual state. You will need to contact an insurance agent in your state and ask the minimum limits required.
What is an endorsment as used in the context of insurance?
An endorsement isa written modification or amendment to the coverage of an insurance policy. The term is usually used in connection with a property or a liability policy.
Explain homeowners personal liability?
A personal liability, or umbrella, policy pays liability limits above those you can get on your homeowners or other basic liability policy. If you are thinking of buying a personal liability policy, begin by finding out the maximum amount of personal liability your homeowners policy provides. Make sure you coordinate the liability limits so that the umbrella policy covers any liability claim in excess of the amount your basic policy will pay, up to the maximum limits of the policy.
If I had a motor vehicle accident and have property damage liability is the other drivers vehicle covered?
That's what liability is all about. The keyword here is liability, which covers any incidents you may be liable for. Your policy will cover the vehicle, subject to policy limits. What happens if the damage you cause exceeds your policy limits, that I am unsure of.
What is the minimial liability limits for a Texas homeowner's policy?
There is no legal minimum Liability for a home owner's Insurance policy in Texas. Most companies however do not give you many options for the liability limits. Preferring instead to determine for you what you need. Most Texas Home Owners are carrying far more liability coverage on their Home Owners Policy than they need.
What is excess insurance mean on an subcontractors insurance?
The term 'excess' insurance is usually for liability coverage. An excess liability policy is also commonly referred to as an 'umbrella' policy because it offers additional coverage over other liability coverages. In the case of a subcontractors insurance, it would be a policy which would extend higher limits than the base policy on general liability and auto liability.
How much liability insurance do physicians need?
Professional liability limits vary from physician to physician, but $1M/$3M is the most commonly offered and purchased policy.
What is excess auto coverage?
I believe the term you are meaning to say is excess liability coverage. An excess liability policy act similar to an Umbrella policy that increases your liability limits on your underlying auto, home, boat, or rv policies at a very reasonable rate. An excess liability policy does differ from a true Umbrella policy so ask your agent to explain the differences and what is available for you.
What if the products completed operations aggregate amount is insufficient?
You can purchase an Excess/Umbrella policy to increase your liability limits.
Did commercial general liability insurance replace comprehensive general liability insurance?
There is no such thing as a "comprehensive" general liability policy. It is "commercial" to differentiate it from personal-lines coverage. It is commercial general liability policy, or CGL; a generally standard group of coverages, exclusions, limits. This is different than a manafest policy where commercial coverages are added in a customized fashion. A comprehensive policy would be one where a business owner (BOP) might purchase with a pre-set group of coverages, exclusions, and limits. Thanks Actually, the term "Comprehensive General Liability" was replaced in 1986 with the term "Commercial General Liability." They are essentially the same policies.
What is the average claim payout for liability insurance?
Payout is dependent on the sustained losses and coverage limits of the policy the insured purchased. There is no average.
How do you find out the at fault driver's per person bodily injury liability insurance coverage limits?
The insurer is only responsible to pay up to the policy limits for a covered loss.If your accepted claim is below the policy limits then you will receive full compensation, in this case the policy limits is a moot issue since your loss was fully covered.If your accepted claim exceeds the insureds policy limits, then the amount of the check, would presumably reflect the policy limits.Or you could just ask the claims adjuster.AnswerHire an attorney
What does 'each occurrence' mean?
Each occurence means that the liability limit of your policy doesn't have an accured limit. Every time you have an accident, the policy limits are available (i.e. each occurence).
Do you provide professional liability insurance?
Sure. Depending on your occupation professional liability can be added as a rider to a businessowners policy. Often times professional liability will be a separate policy. I recommend that you contact a good independent insurance agency that represents several insurance companies so they can find you the best policy for your needs at the best price.
