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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.

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What is the liability for product warranty claims is an example of a liability that?

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Product warranty claims liability is an example of a liability that arises from a company's obligation to repair or replace products that are defective or do not meet the terms of the warranty. This liability represents the estimated cost of fulfilling these warranty claims and is recorded on the company's balance sheet as a potential expense that may need to be incurred in the future.

Who is liable if the constractor that I hired do not have workmen comp and liability insurance and one of his worker injured in my property?

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You don't. You simply hire a reputable contractor who provides the insurance necessary for his or her line of work. Never hire a contractor who can not show you that he is properly insured for the job being offered.

It is the contractors responsibility ( not the customer ) to provide coverage necessary to cover his workers as well as any accidental damage to your property.

If your contractor give you any flak or hesitancy at all when asked about his insurance, you need to find another contractor.

Why are you interested in a position with our organization?

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You might take a position with a particular company because you have skills that you believe would benefit the company. You might also take that position because you believe that you would enjoy the work.

What Insurance is needed for animal petting?

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Yes. VPI (Veterinary Pet Insurance) is probably the best. Their phone # is 888-899-4VPI. If your pet is older, 24PetWatch offers insurance for senior pets (usually 10 years or older). Their phone # is 866-275-7387. Hope this helps.

How do you get rottweiler liability insurance?

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There are several customer-generated pet insurance comparison sites that you should consult They can give you a sense of which companies fellow pet parents are happy with, in terms of coverage and customer care. There are about 10-12 pet insurance companies across the country, but they are structured differently in terms of how and how much they reimburse in terms of vet bills. Do your homework and read all the fine print.

You should also check with your own homeowner's insurance company or agent as to the underwriting guidelines concerning dogs. Some may exclude this breed only if there have been prior claims or some showing of aggression.

What are the insurance requirements for a restaurant?

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Check the following:

1. Yourself or your attorney review your lease or mortgage regarding property and liability insurance requirements. (Property and Liability Risk Exposures)

2. Review any contracts you may have with Franchisors, Property Managers, Lessors of Leased Equipment, Government (normally permits), Utilities, Neighbors, and other contracts such as Independent Contractors or special service vendors.

3. Contact your Department of Industrial Relations, Department of Insurance, Labor Board, or similar government agencies to see what requirements exists for workers compensation (workman's comp).

4. Contact your state agency and local jurisdictions to see if there are financial posting requirements for sales tax.

5. Contact all the utilities you will be dealing with as to their credit requirements so see if they will require a bond.

6. One area that is often overlooked is the Named Insured's (owners, partners) own requirements. A good rule of thumb is to insure the liability limit equal to the owner's collective net worth plus a modest cushion; a minimum liability limit would be $1million in today's market.

Overall, your best resource really is an experienced insurance agent that specializes in insuring restaurants, and your legal counsel. Get together a "team" including accounting, insurance, legal, marketing, human resources that can advise you. Often, experienced restaurant vendors can recommend other service providers.

Once all of your requirements are in place, let your insurance representatives help you by binding coverage to meet their requirements and sending evidence of insurance to satisfy those contractual needs.

How much will your insurance go up if you get a trampoline?

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Most insurance companies will not insure a home with a trampoline. Check with your agent. Regardless, evey homeowner should have at least $500,000 liability coverage if not 1 Mil. It is very affordable. 4lifeguild

Can parents be sued for liability of a 16 year old driver on their insurance in the event of an accident?

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Was the minor driving the vehicle? How did he/she get a hold of the vehicle's keys?

If this is the case, yes, you can, it is called "contributory negligence".

In all actuality, you can sue anybody in the US.

However, in your case, you sue the minor, but the minor's parents/insurance co will be held accountable for all damages.

How much liability insurance do you need for a recreation center?

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There is no way to answer this, rating is dependent on too many factors, contact an agent or agents in your area and get quotes.

What is the difference between professional and general liability?

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Professional liability covers you for losses and expenses that can arise from the practice of your profession. Claims of loss or injury that result from negligence, incompetence, errors and or omissions on the part of the professional in carrying out the services being rendered.

General liability is more location oriented, It provides coverage for claims that may arise from your location such as slip and fall claims or other types of injury.

Answer

Professional liability policies were developed (fundamentally) to protect against claims arising out of economic loss. General Liability exists to protect against bodily injury, property damage, personal injury & adveritising injury - - all defined terms in the policy. There is no standard Professional liability policy and each should be read and explained by an experienced professional. This is a very thin answer in the broad scheme of insurance and there are sooo many factors to consider - CONTACT A SPECIALIST WHO CAN EXPLAIN THE DIFFERENCES... possibly someone with an MLIS designation.

What insurance does self employed fitness instructor need?

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So just in case you have a serious injury he can not be held responsible. Liability insurance will protect the trainer/instructor in the event a client is injured during a session. The client can file a claim with your insurance instead of going after you for the money (much like car insurance protects you in the event of an accident). All personal trainers should purchase insurance, even if you are an employee of a corporate gym it is still a good idea to have your own policy. Also just as important is making sure your clients are filling out activity waivers and a PAR-Q (physical activity readiness questionnaire) before beginning training. This will ensure that they are healthy enough to begin an exercise program and again will protect you in the event of injury.

Is there Liability for hitting skateboarder?

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Yes, liability pays for damage you cause to other people, regardless if those people are pedestrians or passengers in another vehicle. If the skateboarder has car insurance then there is also a good chance that the skater carries a coverage on his own insurance called medical payments. This is coverage on your car insurance that can be used for your own injuries as a pedestrian.

Who is insured?

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Insuring someone Basically you can insure anyone with whom you have an insurable interest. meaning those on whom you have a financial or physical dependency a legal symbioses or interest in and with their permission and knowledge. If the loss of the individual would cause financial or certain other forms of physical or emotional distress then then you could probably inure them

One can insure a key employee, a provider, a Spouse, child, parent or whole family.

The future financial impact resulting from the loss of a family member will differ with surviving children from those of a surviving parent. So one should shop for insurance accordingly.

Ageing parents may need to have monthly income to bear day to day expenses and a child's needs may span the cost of child care or rearing and future education.

There are two ways you can get insured

Either you have to be a driver or that insurance plan should include passenger cover. car owner can insure passenger with maximum of 2,00,000 INR.

Compare and Buying travel insurance online can make your trips more memorable and secure, now you can enjoy your trip with the great peace of mind.So just do it by doing travel insurance comparison online.Compare and select the best travel policy for you and your family at a cheapest price in your Language. For Quotes:

Does owners liability insurance cover tenants trampoline?

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Bear in mind that most companies strictly prohibit coverage for homeowners who have a Trampoline. Generally when the Home Insurance Company discovers that you own a Trampoline they cancel your policy. whether an injury has occurred or not.

If you have homeowners liability coverage, and you do not have a trampoline exclusion, then yes, liability would cover non-household members. Be prepared though to have your insurance cancelled.

What class code for tenant's legal liability?

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What is General Liability class code for tenant's legal liability

How much is liability insurance for a roofing contractor?

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As with all commercial insurance, it really just depends on the scope and volume of operations undertaken by the roofing contractor. The more jobs you take on, the more chance that something may go wrong. If you only do 4 or 5 roofs per year, then your coverage would be much cheaper than a roofer who does 150 roofs per year.