When Is Liability Insurance Needed
Whether a business owns or leases its space property insurance is a must.
When is liability insurance needed. Iii in the u s every state requires a minimum amount of liability insurance on car insurance policies so you may already have liability coverage through your personal auto insurance. Homeowners insurance safeguards your home and personal belongings and protects your assets from liability claims. How much liability insurance am i required to have accessed feb. Better understand when liability insurance is needed for a business how much business liability insurance do you need and how much liability coverage should you have as a business owner.
Their cars as well as medical costs for other people s injuries in an accident you re legally responsible for. Do i need liability insurance. General liability insurance is not usually required by law but business owners should be aware of situations when a licensing body a client or a lessor might require this common type of coverage. State of california department of motor vehicles.
Better understand when liability insurance is needed for a business what liability insurance you should have when you need the coverage and how much liability insurance is required. Citation needed insurance services office iso a vendor of standard form contract insurance policies revised the commercial general liability insurance policy form to exclude coverage for torts related to the employer employee relationship like racial or gender discrimination in the workplace as well as liability for negligent supervision of midlevel managers who committed such torts. Depending on your specific trade you may be exposed to more risk than other businesses. Automobile coverage information accessed feb.
Learn more about the liability insurance requirements and get a free online quote from the hartford today. Find out how much homeowner s insurance you need. Mandatory automobile insurance in colorado accessed feb. Learn more about the policy requirements and receive a quote for coverage from the hartford today.
State of connecticut insurance department.