answersLogoWhite

0

Liability Insurance

Liability insurance is a system designed to protect the insured from lawsuits and similar claims. Generally, its policy does not cover contractual liability as well as damages caused intentionally.

1,430 Questions

What is the general liability class code for roofing?

98677 General Liability Code (Roofing—Commercial or Residential Over Three Stories)

Visit us for roofing services: Green Shield Roofing

What is an admitted insurer?

Admitted or standard insurers are regulated by the State while non-admitted (aka non-standard or Excess & Surplus Lines / E&S) insurers are not. Non-admitted therefore have a lot of freedom with rates and underwriting that the standard carriers don't have. Admitted insurers also participate in the State Guaranty Fund which pays claims when insurers become insolvent while non-admitted insurers do not. Those are the main differences.

How much liquor liability insurance is required in the state of Alabama?

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.

What is the average settlement for shoulder injury This was caused in auto accident in which the other driver was at fault?

56 year old male injured in high speed car accident in texas other driver at fault transported to hospital injected with morphine suffered severe shoulder separation 111 ac joint damaged bone chipped off acromonium ihave been out of work now for 2 months orthopedic surgeon recommends surgery no insurance hospital responded no mri no surgery unless I pay lawyer suggests it would be hard to recover lost wages I am journeyman commercial plumber wages lost are substantial company refuses to allow return to work with out docters release doctor recommends surgery I have no insurance is it typically hard to recover lost wages in acase such as mine in texas iam not familiar with laws beginning to doubt lawyer please advise

How do general contractors operate?

Some contractors actually purchase property and perform all construction work themselves. In other cases, a general contractor may be hired by a developer or landowner to provide construction services.

How does insurance company benefit from life insurance?

As with any kind of insurance, the insurance company benefits by distributing risk according to statistical models, finding out how much it would cost them to pay out claims against all their insured clients, and then charging their clients more than their analysts tell them they will have to pay.

With life insurance you pay an annual premium that could be fixed, or could go up significantly the older, more sickly, or more likely to die you become (depending on your type of coverage).

So if you are twenty years old and take out a 20 year term life insurance policy, the insurance company knows what the exact % chance is that a person who more or less fits your description will die in the next 20 years. They factor that out across all their customers, and then they charge their customers more than they expect to pay out.

Insurance benefits unlucky people and insurance companies. Everyone else loses.

Does liability insurance cover death in a single car accident?

Liability coverage is "third-party" insurance that pays for injuries or death to another person as a result of the insured's negligence (carelessness). There are different types of it, not just car-related. Whether or not it applies in a given situation depends upon the dynamics of the occurrence.

Therefore, if the theory of the negligence was, for example, that a landowner created a dangerous condition that proximately caused the single-car collision, the landowner's liability insurance could arguably be triggered so as to cover the incident.

If a passenger was killed in a single car collision, the driver/owner's liability coverage may be triggered if the driver was negligent in the operation of the vehicle.

Does Texas liability insurance cover if the two cars involved in the accident are register under the same persons name?

Here is the problem with that,

"It is not legally possible to be liable to ones self"

So no, liability only coverage will not cover damage to your own property, That's what the comprehensive and collision coverage is offered to you for when you purchase your auto insurance. Comp and Collision provides coverage for your own property, Liability provides coverage for property and injury of others.

If you bought liability only, there is no coverage for your own property.

Answer:

It should, and if it doesn't, there should be other parts of the policy that can pay out. Coverages such as uninsured motorists or medical payments.

What is contract liability insurance and indemnity insurance?

In many cases when you enter into a contract, whether it is a contract for work, a lease agreement or any other type of contract, there will be clauses covering insurance and indemnification, which is a fancy word for covering someone else's financial loss.

Liability insurance provides money to cover losses to others due to negligence on the part of the insured. In this case, the insurance company is indemnifying the insured.

If there is an indemnification clause in the contract then the contractor must indemnify the contractee as specified. This is most usually done by adding the contractee as either an additional insured (in the case of liability insurance) or as a loss payee (in the case of property insurance) to their existing policy.

If the person entering the contract does not have insurance or does not have sufficient insurance, then those policies can usually be purchased. However, having the insurance or having the contractee named on your policy does not alleviate the indemnification.

What is a contractor with LRF?

According to Utah DOPL is stands for Residential "Lien Recovery Fund".

Can liability insurance cover fines and penalties?

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.

Will American family liability insurance cover you if you hit a deer?

The liability will cover for most property damage that may happen. I don't think that the deers family will sue you so that may not apply in this case.

If you have coverage for the vehicle such as comprehensive and collision coverage, then it should cover your vehicle for the damage that was done, minus the deductible.

Does liability insurance get you money for a car if your car is totaled?

The other parties liability should if it was their fault.

Your liability should cover the vehicle you damaged.

What does liabilty insurance cover?

Auto liability insurance covers physical damage to the other vehicle if you are at fault. It also covers injuries for parties in the other vehicle when the accident was your fault. It does not provide any coverage for your vehicle, you, or passengers.

Who pays for jockeys insurance?

In NYS in the early 1990s, it was the racing authority.

Does the owner or contractor purchase professional liability insurance?

Traditionally the contractor provides the Insurance. The owner verifies that the contractor has insurance prior to hiring that contractor.

What protects you with liability insurance driving?

Hopefully an airbag.

Liability coverage will cover damage and injury you cause to another person or their vehicle.

Trending Questions
Does a contractor need to be on the subcontractors policy as additional insured? What insurance do you need for an auto repair business? How much does architect liability insurance cost? How does liability insurance work when neither driver was cited? Can you deduct work comp or general liability insurance from a 1099 contractors check if they don't produce their own policy in Nebraska Iowa or Texas? Where do you get liability insurance? What is general liability class 61212? What is a Personal Umbrella Policy and why would you want one? How to get public liability insurance for a one off trading event? Is there a set time limit for insurance companies to settle a claim a driver backed into my parked truck and insurance has been claiming to be doing an investigation for over 30 days? Can you take out liability insurance per job? A demonstration by workers for the purpose of publicizing alleged grievances that is persuading the public not to do business with the affected company? What is vehicle liability insurance? Does Liability insurance protects a homeowner against natural disasters? How is general liability insurance different from public liability insurance? When is general liability insurance required? What type of insurance does an elevator maintenance company need? What kind of liability insurance is needed? Which company uses the punchline Atithi Devo Bhava? If someone is injured while working on someone else's rental home using that person's tools and the owner of the tools is covered only by liability insurance what are the injured person's options?