Insurance
Liability Insurance

Why do you need liability insurance?

156157158

Top Answer
User Avatar
Wiki User
Answered
2011-08-15 04:52:27
2011-08-15 04:52:27
What Is Liability InsuranceLiability insurance is imperative for any business owner. If you own a car you have auto insurance; if you own a home you have homeowners insurance and any business owner needs liability insurance. This insurance is beneficial in so many ways. It covers business personal property. If you were to have a fire what would replace all of your equipment, computers, data, files etc? Business Owners Policies include this coverage. Many people who work from their home think that their homeowners policy will cover all of this...read the fine print! Very few carriers will cover in-home business property and/or liability. The liability aspect is the most important. You are making daily decisions that affect other people, a mistake could result in a costly lawsuit. Can you afford a lawyer to defend your business? Have you ever made a mistake on a job, contract or recommendation? Your business is liable for all of those, even honest mistakes. IF you are a sole proprietor all of your personal assets are at risk, home, autos, vacation properties etc. Contact your Insurance agent for a comprehensive review. Make sure that you are insured to all of your assets. If you are going to endure a loss make the insurance company pay for it. (If you work out your home there are some excellent alternatives that start around $250 annually.
001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions


Automobile Liability insurance, YES. Liability insurance, NO. There are many kinds of liability insurance.

If you have liability for an accident, you will need to contact your insurance company. If you do not have liability insurance, you may need to pay for the accident out of pocket.

There are many types of insurance you will need to own and operate your barbershop. The most important insurance will be liability insurance. Liability insurance will protect you in the event someone is injured on your property.

You need commercial General Liability Insurance

personal insurance public liability

You may be required to purchase insurance on the rental. Your business should always carry liability insurance to protect you.

It depends on what type of liability insurance you need. Contact an agent in your area.

Hiscox is a good start to find out about insurance liability. Hiscox can provide small business owners and brokers with the information they need to meet their insurance liability needs.

form_title=Liability Insurance form_header=Ensure that your assets are properly protected from any lawsuits that may be brought against your company. Liability insurance can safeguard against several known and unknown risks. Type of liability insurance needed?= {(),Business Liability Insurance,Property Liability Insurance,Commercial Liability Insurance,Professional Liability Insurance,Directors and Officers Liability Insurance,Product Liability Insurance,Other,Not Sure} Have you ever had liability insurance before?= () Yes () No Business Type:=_ Years in business:= {(),0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,More}

You do not need event liability insurance for a big wedding. However, if the event is outside, then you may want to consider it. You should take out the insurance if it will give you comfort.

You will need liability insurance and property insurance. Most insurance companies customize your liability insurance. If your insurance covers everything you will not have to worry about lawsuits just make sure there are no loop holes in your policy.

form_title=Purchase General Liability Insurance form_header=Protect yourself and your business from accidents with general liability insurance. Describe the business and/or property needing insurance:=_ Have you had this product in the past?= () Yes () No How soon do you need this product?=_

form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile

Professional liability insurance is something that people who are doctors or special physicians need. You can sign up for this at professional insurance companies like State Farm.

It is mandatory for a massage therapist to have liability insurance. If you do not currently have it you should definitely contact your insurance company if your current office does not provide it.

Your insurance agent will advise you of the bare minimum insurance you absolutely need, but you can be sure "liability" will be part of it, yes.

Yes. They require public liability insurance and malpractice insurance.

Most of the time you need about 500,000 liability policy.

Attorneys typically buy a form of Professional liability insurance. Sometimes referred to as Legal Liability Insurance or Legal Malpractice Insurance.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.