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There are Two breakup in liability insurance -
AOA - Any one Accident -
AOY - Any one Year -
Generaly insurance company will ask you to specify the Sum limit for both option.
Exp . AOA - 10000 Rupees. mean any accident will have maximum cap of 10000 Rs. as sum insured
Exp. 2. AOY - 20000 Rupees, means in a insured year you can have maximum claim amount of Rs. 20000 irrespective of number of accident in year.
and above that Insurance companies allow you to choose this AOA and AOY in certain ratio like
1:1 or 1:2 or 1:3 or 1:4 etc.
Rakesh Choudhary
Business Analyst - P&C
Wiki User
∙ 14y ago
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Where can I apply for limited liability insurance?
Limited liability insurance can be purchased from many insurance companies. An explanation of limited liability insurance can be explained by a qualified insurance agent.
Business Liability Insurance ?
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile
Where to buy product liability insurance?
Insurance Company
Where online can one find information about small business liability?
You can get information about small business liability insurance from almost any insurance company, even the ones that advertise for auto insurance. The Nationwide company has liability insurance for businesses. Information can be found on the official website.
Small Business Insurance?
form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_
What type of insurance is required on cars in Alabama?
Alabama's one of the states that requires minimum liability insurance. Alabama stipulates that an individual who has minimum liability insurance must have insurance that will cover the following Bodily Injury Liability: $25,000/$50,000 Limit Property Damage Liability: $25,000 Limit.
Can you drive in Pennsylvania without insurance?
No. You must at least have liability insurance bodily injury liability limit of $15,000 per person, $30,000 per accident, and $5,000 property damage limit.
Personal liability limit on homeowners insurance?
Is this seems like an incomplete question. Homeowners policies typically have personal liability on them.
You have liability insurance but no collision coverage and your car was hit by another driver will their insurance cover your damages?
Yes, if they accept liability and they will pay up to the limit of property damage coverage.
Do you have to have a business name to take out general liability ins?
A business name is not required to obtain general liability insurance for your business. It is recommended that you incorporate your business to limit your liability.
Can General Liability Insurance also include Garage Liability Insurance?
Yes it can. In fact, a policy written on a "Garage Liability Form" will show a limit for "Auto" and then also show a limit for "Other than auto". Auto liability is basically due to the fact that the garage will test drive autos while fixing them. Other than auto is the premises or general liability. This shows that garage liability will also include general liability on the declarations page.
Do you need a car to get liability insurance?
Automobile Liability insurance, YES. Liability insurance, NO. There are many kinds of liability insurance.
What kind of car insurance is required in Connecticut?
Bodily Injury Liability of $20,000/$40,000 Limit is required
Can you sign a waiver stating that your auto insurance will be responsible for you while you are a passenger in a company vehicle and do you need the permission of your insurance company to do that?
If you have liability insurance your insurance should cover you while driving another vehicle with permission of the owner. The problem with a company truck is the limit of liability you might have to have.
Will homeowner's insurance normally cover a property damage claim which exceeds the liability coverage limit from a car accident?
No.
How long does the auto insurance company have to determine liability?
I would suggest you contact your insurance commissioners office to find out if there is time limit on making a determination in your state.
How do you lower homeowners insurance?
You can get a burglar alarm, increase your deductible or lower you personal liability limit. As to the deductible and liability limit you'll need to check with your mortgage company as they will dictate the minimum amounts. You can also shop around other companies.
