Liability Insurance

What an insurance company does is to take the risk of loss and by spreading the risk they limit the exposure and therefore reduce the cost. By taking the risk of loss from lots of people they use the law of large numbers and reduce the cost to individuals. By insuring lots of people and taking premiums from many they are able to pay any claims to a few. This is how insurance companies are able to spread the risk. This spreading of the risk works basically the same for all types of insurance and all type of loss. In life insurance for example the companies use actuarial tables to calculate the risk of loss (chance of dying) and therefore come up with the premiums.

NOVA NET :)

Disclosure of important info.

Pre-sale availability of the warranty

Making claims

Probably not. As long as the payment your addressing is for a loss of something tangible, say to restore damage to the roof, the payment isn't taxable UNLESS you took the casualty loss on your tax return for that item. (You can't take the loss and exclude the income - one or the other. Makes sense because if your getting paid for the loss, well then you didn't really have one).

Any Insurance company that has an AM Best A+ rating. That's the highest rating a company can get and almost all of them do.

me dont care!!!!!!!! People think the world is a piece of garbage when it isn't. They thinlk it's fine to end other people's lives to make things better when it makes it worst

Professional Liability Insurance (also known as Errors and Omissions Insurance) insures businesses with the defense they need if a dissatisfied client makes a claim against it.

* 61223 Buildings or Premises - Bank and Other Financial Institutions * 61216 Buildings or Premises - Bank or Office - Mercantile or Mfg (Lessor's Risk Only) * 61227 Buildings or Premises - Office, Not for Profit Only * 61226 Buildings or Premises - Office, Other than Not For Profit * 61217 Buildings or Premises - Bank or Office - Mercantile or Mfg (Lessor's Risk Only) - Maintained by the Insured - Other than Not for Profit * 61218 Buildings or Premises - Bank or Office - Mercantile or Mfg (Lessor's Risk Only) - Maintained by the Insured - Not for Profit Only * 61225 Buildings or Premises - Office, Premises Occupied by Employees of the Insured, Not for Profit Only * 61224 Buildings or Premises - Office, Premises Occupied by Employees of the Insured

janitor

Unfortunately the topic of how to open an insurance company is well outside of what can be properly explored on WikiAnswers. The procedure would vary depending on what type of company one seeks to open. The easiest-to-open insurance-related business would be a local insurance agency. At one of these agencies, employees sell insurance policies to local consumers but don't themselves underwrite the policies. In most cases, being an insurance agent is a state-licensed profession; you would need to check with your state's license-issuing body to understand what the requirements are. Generally this would involve obtaining training in the field and then passing a government test to demonstrate competence. After being licensed, you would need to find an insurance company (such as State Farm) for whom you can affiliate yourself in selling insurance. After this you could file paperwork to open the business, rent an office, buy equipment, hire employees, advertise, and do similar things.

The same any any one else.

1. They buy it from an insurance company or insurance agent.

2. Sometimes they hire their own insurance staff to oversee the purchase of such things.

3. Some larger corporations may opt to self insure.

The insurance is actually PL/PD, which is Public Liability and Property Damage.

This coverage is mandatory in most (or all) of the US and Canada, as it is to cover any damage or injury that you cause to the person or property of others.

The public liability portion of the insurance is to cover injury or death of the other person in the event that you cause an accident. This may include, but is not limited to, rear-ending someone, hitting a pedestrian, or driving into a store.

The property damage covers the cost of physical items, like cars, buildings, telephone poles, etc, that are damaged by your neglect.

I believe that if you do not have proper insurance for a delivery driver, then your insurance company may choose not to cover you for PL/PD if you get into an accident while delivering pizzas.

I have heard, however, that the specific insurance you need for delivering pizzas depends largely upon whether you wear a uniform, have signs or decals on your car, and how many hours you work or kilometres you drive.. but don't quote me on that.

No, Your Insurance contract gives the Insurance company the right to settle or defend whichever is cheaper.

If the insured property owner interferes with the companies decisions you could forfeit all coverage under your policy for that claim and even get your policy cancelled.

Manufacturers' Representatives

Several tens of thousands of pages (maybe more) exist on this topic. No list does, nor is a list possible.

Joint liability means that at least two parties share liability in a lawsuit or legal dispute. Often, a jury decides what percentage of liability each defendant is responsible for. An example - An automobile is rear ended by a furniture delivery truck. The driver of the auto is injured and sues the furniture store AND the driver separately. A jury might find that more fault belonged to the driver since the truck was in good working condition. Therefore, this jury might decide that $100,000.00 should be awarded. They might decide that $80,000 of the damages are to be paid by the driver of the truck and $20,000 to the furniture store.

why is liabilty insurance important in the medical office

It is possible to write off a liability. When doing this, you need to write it off as 'other income'.

you seem not to understand the idea of 'non-profit'

No. Areas of a settlement such as medical bills, lost wages, and pain and suffering are not taxed.

20$ a month

If the agent works for one insurancecompany, contact that company's corporate office to inquire if he/she has an E&O policy.

Just that the costs associated to or with using a subcontractor to complete a project.

ALLSTATE i think.

Pretty much the same thing except you pay monthly premiums on liability policies and bonds are usually a one-time deposit of money to your local DMV (Usually around $35,000 dollars) and they stow that money away and pay it out should you need to pay out damages for a crash.