No
Mixed Plan
In a sole proprietorship, the individual owner assumes all liability for the business. This means that the owner's personal assets can be at risk to cover business debts and obligations. Unlike corporations or limited liability companies, a sole proprietorship does not provide legal separation between the owner and the business, leading to complete personal liability. Therefore, the owner is fully responsible for any financial or legal issues that arise.
Cargo insurance above 50k limit isn't uncommon and there are tons of insurance carriers who will write it. What might make it more difficult to find an insurance carrier for this would be if the cargo was high theft risk, high fire risk, etc. An insurance broker should very easily be able to help you buy cargo insurance. We have previously written cargo insurance up to 2M limits with no issues on high risk items, so it shouldn't be tough for you to line up 50k worth of coverage.
No. If it's discontinued, that means it may no longer be possible to buy that product nor match it. Most insurance policy language specifically exclude match issues from coverage.
It is not possible to state an "average" cost, as too many variables are involved. For example, the cost of GL coverage will vary by the nature of the business that you are in, where (geographically) you are located, your loss history, by the insurer that issues the quote, and by the policy limits sought. In the latter respect, there may be a difference in the quote between policies that have separate property damage and bodily injury limits vs. a policy with a combined single limit. The deductible or self-insured retention that you select will also have an impact. In all events, it is critical that you deal only with an insurer that is authorized (licensed) to transact insurance in your State. It is only those that have the backing of the state's guaranty fund in the event that the company is unable to honor its claim from its own resources and reinsurance. It is also important that you deal with a reputable and licensed agent or broker who is able to take your full financial picture into account.
Lorelie S. Masters has written: 'Issues arising under claims-made insurance policies' -- subject(s): Insurance, Liability, Liability Insurance
David W. Steuber has written: 'Issues involving excess liability insurance coverage' -- subject(s): Insurance, Liability, Liability Insurance
A person will need internet liability insurance if they work on the internet or do business transactions on a regular basis. Internet liability insurance insures against privacy issues, infringement of intellectual property,virus transmission, or any other issues passed through the web.
Yes, it is possible to have two car insurance policies in your name, but it is important to disclose this information to both insurance companies to avoid any potential conflicts or issues.
No, you generally cannot claim from two insurance policies for the same incident. This is known as "double-dipping" and is considered insurance fraud. It is important to review the terms and conditions of your insurance policies to understand your coverage and avoid any potential issues.
Some general liability policies DO exclude action over claims, and you should also be getting waivers of subro on work comp from the people you are working with to prevent these types of issues. Make sure you work with a risk manager or insurance broker who clearly understands your company's risk and can help you mitigate that instead of just buying pieced together insurance for it.
A participating life insurance policy is one that pays a dividend to the owner. Mutual life insurance companies offer participating life insurance policies as the policyholders share in the profits of the insurance company since the policy owners are the owners of the company.
fires, wind, hail, theft, glass breakage, and liability issues.
The contractors General Liability Insurance would cover accidents and quality of workmanship issues that result from the activity of the Contractor.
A beautician would need premises liability to cover anyone who was injured on the property and other liability issues as well as professional liability insurance to cover the beautician against claims resulting from their profession. Professional liability can often times be added to the property and liability (businessowner's) policy for very little additional cost. As a matter of full disclosure, I own and operate a small Independent Insurance Agency for the past 22 years and worked as an agent for direct writers for 3 years prior to that.
No, I'm afraid not. Homeowners insurance is for sudden unexpected losses that result from covered perils such as Fire, Wind, Hail, etc. Homeowners insurance never provides coverage for routine expected maintenance issues nor for upgrades.
Civil liability may be reduced by obtaining a liability claim sheet from your local attorney at law, filling it out, and submitting it to the local director of the courthouse or even a judge that is currently presiding.