As you know the minimum amounts for liability insurance vary from state to state. Alabama has as its minimum requirements the following the minimum liability limits are $25,000 for injury liability for one person, $50,000 for all injuries and $25,000 for property damage in an accident.
ALL CMVs are required to maintain $1,000,000 in liability insurance.
Liability requirements should be commensurate with the risk expsoure excountered. One might ask, What is the maximum libility exposure of the tenant? This would be the amount of liability insurance to carry.
I have just contacted the local ABC board to apply for an alcohol license for my store.It is a minimum of $100,000.00 liquor liability insurance coverage for a store in the state of Alabama.heres the number for the abc board out of Montgomery :1-334-213-6313 in case you need more info than I can give.
Yes, recent estimates are that as much as 30 percent of the drivers in Texas are withot the state required liability Insurance.
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.
You are required by law to carry Compulsary Insurance Only. This would be Liability and Property Damage. I believe the current limits are 20/40 Liability and 5,000 Property Damage.
Each state has its own liability insurance requirements of a certified public accountant. These amounts may also differ whether the business is a sole proprietorship, partnership, or corperation.
What is required by law. Usually its liability you have to have. It varies by state how much your required to carry.Answer-You should have good credit score and financial stability ( working in a concern for a long time)
This insurance, though in some states isn't required is intended to protect the business owner from a wide variety of accountabilities and damages. It's much like car insurance only, for your business.
Maryland law requires minimum coverage of $20/40/10K. The first two numbers are the liability limits for bodily injury and the third number is the limit for property damage.
Liability
You will need the basic liability insurance. This means that you will be covered for the other person's car if you are in fact responsible for the accident.