Liability Insurance

If you agree to and sign a waiver of liability, and for example you are a pizza delivery guy. You waive (give up) any claims of damage to your car, even while using it on the job. If you have an accident you can not hold the company respponsible for damages to your car.

Liability insurance only covers damage you did to the other vehicles, property, and persons. It does not cover any damage to your vehicle or yourself.

Towing your vehicle would only be required if it was damaged, so your liability insurance won't cover it (but the other person's liability might depending on the actual findings of fault).

The retroactive date is the date from which coverage is deemed valid.

Retro active dates are most common in professional lines ( claims Made ) policies and indicate the beginning coverage date from which there has been no lapse.

You will not find a retroactive date on an occurrence policy

You should visit any online insurance broking company like that of Greenlife insurance broking limited. Visit gibl(.)in and you can there compare between different liability policy and can save a lot of money.

It varies according to the legislation of the country concerned.

Liability requirements should be commensurate with the risk expsoure excountered.

One might ask, What is the maximum libility exposure of the tenant?

This would be the amount of liability insurance to carry.

If the council will give a variance, then there should be no problem. Otherwise, you will have to tear down the extension before you purchase the insurance. Do check with your local agent about the insurance and your attourney BEFORE purchasing the property.

10073-0-Automobile Repair or Service Shops

It covers the lien holder interest only in the described property. There is no coverage at all for the borrower / debtor.

62000-0-Condominiums - commercial - bank or mercantile manufacturing or office - (association risk only)

There is no requirement at all.

It's up to the optometrist if he wants to be insured or not and how much coverage he or she might elect.

While there is no insurance category for, "financial liability", let's assume that you are asking about "professional liability" which is sometimes also referred to as "errors & omissions". The first question would be how the insurance broker is licensed. Life & Health or Property/Casualty (or both). Professional liability for a Life & Health producer is relatively inexpensive; usually only a few hundred dollars a year. Of course if the Life & Health producer is also licensed for securities, this can increase somewhat. Professional liability for a Property/Casualty producer is significantly more expensive, and can vary depending upon the producer's specialties. If we're only talking about homeowners, auto, small business, then the premium for, say, $1 Million, might start around $1,500/year. If the producer specializes in more complex forms of insurance, the premiums may be higher by, say, 100%-200% per year.

94381-0-Fire Suppression Systems -installation, servicing or repair

62003-0-Condominiums - residential- (association risk only)

41715-0-Day Care Centers