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Is liability insurance on property that is not being lived in necessary?
Wiki User
∙ 17y ago
Yes. If anyone is injured on that property, even if there without permission, the owner may be held responsible.
Wiki User
∙ 17y ago
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What liability insurance would you need for a warehouse in a rose business?
You would need property coverage and building personal property coverage specific to your industry. Being a florist, you have to account for what happens if the cooling system goes down and you lose your inventory. If you have clients coming into your location you need general liability insurance as well. Feel free to contact me at sjolton@bbandt.com to discuss further and/or get a quote.
What type of business insurance do you need for hair salon?
Hair salons can actually have some pretty bad claims including burns to clients, and employees being cut/burned.Salons need:General LiabilityWorkers Compensation (if you have any employees)Property insurance (For all the salon equipment)EPLI (Employment practice insurance, salons with employees are frequently subject to employment law suits)Liquor Liability if the salon serves any alcohol (Some serve champagne)
Does homeowners insurance cover anything stolen on your property even if you are not the owner of the stolen items and they are not related to you?
Yes, If your plan embodies that kind of coverage. If personal property is located on the premises, then the insurance should cover it, regardless of who it belongs to (within reason). However, it is difficult to prove exactly what a homeowner had or did not have on their property at any given time. With that being said, insuarnce companies seem to be very cautious when accepting liability. It is often not worth claiming such a loss, unleess it is very significant, and is typical for a home to have (like a jewelry box). Often, homeowners will not report losses unless they are very significant, due to the deductable they may have to pay and/or the risk of their insurance premium increasing from their claim. **I am not an expert by any means, so calling the insurance company that holds the policy will provide you with an accurate explanation.
What does the LLC Corporation do?
"An LLC Corporation is often used by small business owners to protect them from monetary liability. When you set up an LLC Corp. your personal property, i.e., house, car and other personal assets are off limits from being included in a lawsuit against your business."
What is a seller's affidavit of title?
A statement, under oath, that the property being conveyed free of defects or encumbrances since the date of issue of title insurance commitment, or in other words, since the seller's acquisition of the property. A seller's affidavit of title does not substitute for a full title examination and doesn't mean that you shouldn't buy an owner's title policy.
Does a farm vehicle need insurance in Florida?
Farm Vehicles being operated on private property do not need liability Insurance. Only if you take the vehicle onto a public road, you will need the insurance required by law.
What is contractor liability?
Liability insurance is required for contractors in many states as a requisite to work. It protects both the contractor - the worker, and you - the employer, from any liability if the contractor is injured on the job (at your home.) Basically, if he is insured, you don't have to worry about being sued if he gets hurt on your property.
Can you get public liability insurance after being discharged from bankruptcy?
yes
What is contractor liability insurance?
Contractors Liability Insurance is actually a form of Commercial General Liability (CGL)insurance tailored for the construction contractors market. CGL provides insurance for your company in the event you cause property damage and/or bodily injury to a third party. (i.e., your customer or an innocent third party) CGL comes in different forms with different coverage It is essential to match yours coverage needs with your work risk exposure. A good insurance professional can help you with this. NOTE Liability insurance does not cover poor workmanship, tools or injury to employees.
What is PLPD auto insurance?
The initials PLPD stand for Public Liability and Property Damage and which is basically the same as bodily injury and property damage (BI and PD) liability coverage. The necessary conception of public charge in terms of auto insurance is it would cover you in the occasion that your car causes damage or passing away to a third party and property damage is if your car costs someone else's assets.In Michigan:This short form of P.L.P.D. is usually used by a human being, regularly from Michigan. When they are stating they have a "bare bones" automobile insurance, though the insurance type it is referring to has been out of date for nearly 30 years in Michigan. In the early 1970s MI changed over to a no-fault scheme with different insurance necessities.
Is being sued for your home covered by insurance?
It depends on why your being sued. If your homeowners insurance covers the act that caused the suit, then you should have legal defense costs coverage if you purchased liability insurance with your homeowners insurance policy. If you did not purchase liability coverage then your insurance company will not defend you.
What liability insurance would you need for a warehouse in a rose business?
You would need property coverage and building personal property coverage specific to your industry. Being a florist, you have to account for what happens if the cooling system goes down and you lose your inventory. If you have clients coming into your location you need general liability insurance as well. Feel free to contact me at sjolton@bbandt.com to discuss further and/or get a quote.
What type of insurance would cover expenses for someone injured on your property?
Public Liability Insurance is the ideal insurance that will cover someone injured on your property.This type of policy covers the insured's liability to members of the public. Such liabilities may arise as a result of the insured's business operation. The business being operated by the insured in his/her premises may at times lead to death, injury or accident to third parties, or damage to third party's property. Insured means policy holder.A bit more:Your homeowner's insurance policy will also include liability insurance if you have the right type of policy. Check with your homeowner's insurance company to see if you have that type of coverage.
Do you need to buy auto insurance in NJ if the car is not being driven and is just sitting in a garage?
If the car is registered, meaning that it has license plates, it must have liability insurance. If you hace a loan, the bank probably requires insurance. If it is just sitting on private property without tags, no insurance needed.
Is auto insurance mandatory in Alabama?
Yes, all cars must be covered by a liability insurance policy. The minimum coverage includes $25,000 injury liability for one person, $50,000 for all injuries in an accitdent and $25,000 property damage. There is an option to have get a motor vehicle liability bond or make a deposit of cash with the state treasury with neither being less than $50,000.
What is the purpose of media liability insurance?
Media liability insurance is used to protect publishers and journalists from being sued for defamation or invasion of privacy. Anyone who deals with collecting and publishing information should purchase this insurance.
What exactly does liability insurance cover Is it worth paying for this if I'm starting a company?
It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.
