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Yes as long as the named insured is not a spouse, or if the spouse does not drive and does not have a drivers license the spouse can also be excluded.
A named insured person can be an excluded driver on an automobile liability policy in New Mexico, if the policy holder wishes to remove a driver from the policy. The policy holder will have to notify the insurance company to make the changes.
Provides insurance against legal liability for property damage to business premises leased or rented to the insured.
Automobile liability insurance coverage is one of several types of autobile coverage. It is required by the law of most US jurisdictions in order to register a vehicle for operation on public highways. It is often also required to be shown as a condition of obtaining a driver's license. Automobile liability insurance is intended to cover the negligent acts or omissions of a driver in the operation of the covered motor vehicle. Depending upon whether it is property damage liability coverage, bodily injury liability coverage, or both, it generally covers the correlating kind of damage sustained by the person who was not at fault. In that sense, it is considered to be "third-party" coverage in that it does not pay for the damages sustained by the insured person. Another aspect of automobile liability coverage is that if the aggrieved party makes a claim against the insured, such as by filing suit, the liability insurer defends the insured by retaining an attorney to defend the insured. The insurer pays the attorney, but also has the right to control the defense, including by settling the claim.
if they don't meet the definition of an insured (related to you or under 25 and in your care) then they would be excluded from coverage
In automobile insurance, collision coverage provides for repairing a vehicle when it is damaged due to the fault of the insured. Liability insurance provides for cost of repair of the OTHER vehicle if you damaged it.
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
If your asking will your auto liability insurance pay for a traffic citation, No. They don't pay for the illegal acts of the insured. Your auto liability insurance is accident insurance.
can a contractor have liability insurance backdated to show the company was insured
It depends on the language in the contract and the type of insurance, but generally the answer would be yes in most states. For example, automobile liability insurance policies are generally able to be cancelled anytime by the insured. You don't have to wait for your policy to come up for renewal before switching to another insurance company, for example.
Absolutely not, your liability insurance does not cover the costs associated with willful criminal acts of the insured.
SIR stands for self insured retention. It is a deductible applied to some liability policies. The term deductible is used for insurance that covers property losses, such as the insurance that would replace your house if it burned down. Retention is a term that refers to liability insurance, insurance that pays on your behalf if your negligance caused someone else to suffer a loss. Certain liability policies,such as umbrella policies and professional liability policies require the insured to, under certain circumstances, pay for part of the loss. The self insured retention is paid by the insured before the insurance company pays for the remainder of the loss. On umbrella liability policies the self insured retention applies to losses that are not covered by underlying, primary liability policies. On professional liability policies, the self insured retention applies to all losses, and is a way for the insured to lower their premiums by retaining the risk of losses up to a certain amount.