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What else can I help you with?
What is covered in a commercial liability insurance?
Yourself and the cargo you are carrying should be covered under this insurance. It also protects your company from liability in case of an accident or emergency.
Should a consultant have Professional liability insurance?
It really depends on what type of consulting your doing. Some Considerations 1. If others in your profession are carrying Professional Insurance coverage it could indicate that your peers think it's a good Idea. 2. Some professionals may find that they get more work when they can tell the client that they have Professional Liability Coverage. Being insured does tend to lend credibility to the professional when bidding on a job.
What are the drawbacks of a Home Owners Association dropping liability insurance?
Without liability insurance, should there be any accident on the property, the association will be liable to pay for defending the claim, and potentially the claim for damages.Often the trade-off between liability insurance premiums and the hourly rate for defense attorneys indicate the it's less expensive to pay the liability insurance premiums.Your governing documents will help you define your requirement as an association insofar as carrying liability insurance is concerned. Usually, carrying it is mandatory.
Is a quality auditor required to have general liability insurance in Texas?
No, there is no legal requirement that you have liability insurance. However, Your clients may require it before they are willing to hire you. Carrying the appropriate license a nd adequate liability insurance for your industry is the first hallmarks of a qualified reputable business.
What is under insurance over insurance?
Under insurance is not carrying enough insurance to cover your assets in the even of a liability claim or not carrying enough insurance to satisfy your bank / lienholder. Over insurance is carrying more insurance than you need. This is more common with home insurance. For example, insuring a 1000 square foot house for 1,000,000, would be considered more insurance than you'd ever need.
What is the difference between professional and general liability?
Professional liability covers you for losses and expenses that can arise from the practice of your profession. Claims of loss or injury that result from negligence, incompetence, errors and or omissions on the part of the professional in carrying out the services being rendered.General liability is more location oriented, It provides coverage for claims that may arise from your location such as slip and fall claims or other types of injury.AnswerProfessional liability policies were developed (fundamentally) to protect against claims arising out of economic loss. General Liability exists to protect against bodily injury, property damage, personal injury & adveritising injury - - all defined terms in the policy. There is no standard Professional liability policy and each should be read and explained by an experienced professional. This is a very thin answer in the broad scheme of insurance and there are sooo many factors to consider - CONTACT A SPECIALIST WHO CAN EXPLAIN THE DIFFERENCES... possibly someone with an MLIS designation.
Are you responsible for carrying car insurance on a driver in your house over 18?
You may or may not have to provide insurance for them if they have their own vehicle but you are responsible for listing them on your auto insurance policy and providing your insurance company with their license information and birthdate.
What are the minimum amounts of liability insurance?
I assume you are referring to auto liability insurance. Each state legislature sets there own minimum limits. The requirement is by law and not made by the insurance companies themselves. Be very careful carrying the minimum state required liability insurance because you are responsible for anything over your coverage limits. At least be educated about what the liability coverage you have means.
What insurance should a contractor have when performing work on my home?
You should at least make sure that they are carrying $500,000 - $1,000,000 in liability limits on a general liability policy. This will protect you from any losses that they may cause such as a fire etc. You need to ask them for a certificate of insurance. Make sure you get it from their insurance agent and not the contractor.
Are you responsible for carrying insurance on a home until foreclosure?
Yes, of course you are! Don't let it forclose! There are people out there that can bail you out!!!
What does sr22 insurance cover?
Sr22 is accually not an insurance. It is a form that some states require certain people to carry. To prove they are carrying auto liability insurance. Usually the Motor vehicle department will let you know if you are in need of this form.
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.
