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What type and amount of liability insurance does a two person catering company need?
Wiki User
∙ 2007-02-09 20:00:57
You need A General Liability Insurance Policy
Wiki User
∙ 2007-02-09 20:00:57
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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.
What effect does a claim has on insurance company?
A claim is a liability on part of the insurance company. If a customer makes a claim it means that the insurance company has to pay the customer for the amount is eligible to claim and hence it is a expenditure on the balance sheets of the insurance company.
Who pays if sued for more than liability coverage?
If the amount of liability insurance coverage isn't enough to pay for the damage, the insurance company will only have to pay the amount of the policy. For the rest of the amount, a personal lawsuit can be brought against the responsible party.
What is the average cost for liability on a car insurance?
what is average amount of liability insurance for cars in new york
What will happen if someone sues your homeowners insurance How will this affect me?
First the suit will not be filed against the insurance company but against you as the homeowner. Your insurance company will come in and protect you from the suit. This is covered under your liability section of the insurance policy. Your coverage includes legal fees in addition to the amount of coverage on your liability section.
How can you learn about insurance liability on your car?
First you need to check with your state to find out how much liability insurance is required as it varies from state to state. Then check with your insurance company to make sure you have the correct amount of coverage and to see exactly what it covers.
What is the minimum type of vehicle insurance required by law in Alberta?
In Alberta the minimum type of vehicle insurance is liability insurance, and you must have a minimum of $200,000. This covers both bodily injury and property damage, but if the claim is hgiher then this amount the insurance company will pay no more the $10,000 property damage. Remember that any damages over your liability amount will be your responsibility to pay, so it is best to ensure you have enough liability insurance for your needs. It is recommended to increase this liability amount to $500,000 or $1,000,000 for full protection.
What is the minimum amount of liability insurance coverage required?
The minimum amount of liability insurance coverage required (in California) is: 15/30/5. 15/30/5
How much professional liability insurance does a sole proprietor painting contractor need?
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
What do you mean by liabilities?
Any amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
What is the differnent between a current liability for an uncertain amount and a contingent liability?
Under current liability of uncertain amount liability is created on company although actual amount is unknown but in contingent liability, liability is not created on company unless specific date or time or occurence of any contingent action or activity.
What is Amount payable by insurance company for insurance?
This is the amount paid by the insurance company to the doctor. It is the negotiated rate less the amount that you paid in the form of a copay, a coinsurance, or a deductible.
