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Archive for the ‘Personal Liability Insurance’ Category

Architects have always been in demand for their ability to design houses and buildings that people hold in awe. It is a highly skilled profession, where projects range in size and scope, from small office buildings to colossal sports stadiums.

However, most people can only see the bright side of architecture as a profession and do not realize that it is fraught with responsibilities. Any architectural firm may incur heavy liabilities due to the slightest error, oversight, or omission.

Such conditions require the protection of architect liability insurance for an individual architect or his/her firm. It protects professional architects in case of any legal claims that allege negligence on the part of the architect in the execution of services. At times, even when the case proves to have no validity, the legal cost involved in fighting the case can be substantial and can even leave an architect or firm reeling from the financial pressure.

Hence, architect liability insurance is a must for all architects and firms. There are various insurance and brokerage firms that offer architect liability insurance. While many of these offer the architect liability insurance as part of their other insurance packages, some others especially deal in architect liability insurance. It is a better idea to go with a brokerage or insurance firm that deals specifically with architect liability insurance, as they are knowledgeable of the field of architecture and may be open to negotiations on the premium price.

One can find information about such insurance and brokerage firms easily on the internet. However, like all types of liability insurance, it is important to first have a proper understanding of the needs from the insurance as well as what one is looking from a architect liability insurance company.

Umbrella insurance is a wonderful thing to consider in the world we live in. It will provide you with more money for your accidents that may happen in life. This can help cover your legal expenses if they were to go over your home or car insurance policy limits. Some insurance companies will offer up to $500,000 in regular coverage, and then offer an umbrella policy up to $1.5 million. This can be a great way to protect your assets if you deem necessary.

You should talk this over with your agent and see what options are available for you. They can also advise you based on your individual situation as well. Different people will require different types of insurance. Ask different questions to find different answers. I have known some people that have found it to be cheaper to get a $250,000 policy for themselves with a 2 million dollar umbrella policy than it was to just get a $500,000 policy. This doesn’t make much sense to you and me, but insurance companies have their reasons for what they do. Just ask the questions and you might be surprised what you are able to find out. You can still enjoy a lot of insurance to help you sleep at night, while getting it for a very reasonable price.

I personally recommend going with big name insurance companies. I have some policies with smaller companies, but they are usually for rental property and such. Just call around and see what is available to you in your area.

Some umbrella policies are cheaper in other parts of the country. It all depends on where you live. I have known people to get a $250,000 policy in one area and another to get a $250,000 policy with a $1 million umbrella policy for the same price. It just depends on where you are. Insurance companies factor in many things to determine how much to charge, feel free to ask you agent what they factor in.

Liability auto insurance is the only insurance that’s required in most states. Here’s how to get cheap liability auto insurance online with a top-rated company.

Liability Auto Insurance

Liability auto insurance provides you with two types of coverage. They are …

1. Bodily injury liability coverage – This pays medical expenses for the people you injure in an auto accident.

2. Property damage liability coverage – This pays to repair or replace the other person’s car and personal property you damage after an auto accident.

Liability coverage is expressed by three numbers. For example, 25/50/100 would mean that you’re covered up to a maximum amount of $25,000 for one person’s medical bills, $50,000 for everyone’s medical bills, and $100,000 for the other person’s car and property.

In addition to liability coverage some states require you to have personal injury protection coverage and/or uninsured motorist coverage. Personal injury protection coverage reimburses you for your medical bills and your passenger’s medical bills when you’re involved an auto accident. Uninsured motorist coverage reimburses you for damages done to your car by an uninsured, underinsured, or hit-and-run driver.

Getting Cheap Liability Auto Insurance Online

To get cheap liability insurance online, first visit your your state’s insurance department website to see what their insurance requirements are. Their website will show you the minimum amount of liability insurance you need to get your car on the road.

Next, visit an online insurance comparison website to get quotes from different companies. All you do is spend a couple of minutes filling out a simple form, wait to get your quotes, then choose the cheapest one.

Most insurance comparison websites only work with A-rated insurance companies so you know you’re claims will be paid. The top insurance comparison sites offer money-saving tips in their articles section, and you can get advice and answers to your questions by going to their online chat section where you can talk with an insurance professional.

It’s not just doctors that are getting sued. Sue, sue, sue. It’s almost become a national pastime. Americans have been known to sue not only for frivolous infractions but also for actions they themselves have caused. For instance, we’ve all heard about the inebriated customer who got behind the wheel of his car only to cause an accident and then blame the bartender who served him his last drink. Seems ridiculous, but it’s true. So, if you’re working for yourself or you own a small business, you undoubtedly know that self employed liability insurance can protect you and your family from potential financial ruin.

Not all law suits are frivolous. We know that accidents happen. Contractors and owners of small construction companies all too often find themselves at risk of being sued. Whatever the reason — whether a foundation was improperly built or property was inadvertently damaged, accidents happen, and the business owner must be ready to take action and assume responsibility. Some small business owners believe that their personal liability insurance will protect them from lawsuits stemming from their professional duties. That is simply not the case. Only self employed liability insurance will protect the self employed or the small business owner. It can bring peace of mind and emotional and financial security in this lawsuit-happy world in which we live.

If you’re self employed or own a small company and are making a good living, you are living the American dream. You probably consider your work to be fun. You’re probably not considering early retirement. Sure, there are many frustrations and unique challenges to owning your own business. But you don’t have to let a lawsuit ruin your business and your personal life. You’ve worked too hard to get where you are. Now you need the added security that self employed liability insurance can bring. Remember, too, if you are ever sued and do not have the proper insurance, you will be responsible for lawyers’ fees and court costs, in addition to the agreed settlement.

Don’t forget that family members depend on you, too. To be successful, today’s businessman must conduct his business safely and with the highest ethics and standards. Today we hear all too often about the greed and questionable ethics of leaders in business and industry. You don’t want that to be you. You want to protect yourself, your family, your employees and your customers. Self employed liability insurance is one way you can protect all those people. It’s the right thing to do.

A commercial insurance policy is needed if you use your car in a business and it is titled to a business. This is different than using your personal car for business purposes; you can have a personal auto policy and get a business rate if the car is titled in your name. You need to explain how the car is being used and the name that the car is titled in when you speak to an Insurance Agent and they can let you know what type of policy you will need.

The commercial auto policy provides some of the same basic overages as a personal auto insurance policy. You will want to make sure you purchase Liability Coverage and this coverage will cover the injuries of people that are involved in an accident. The coverage will also cover medical bills and lost wages as well.

The next coverage that you will want to buy is the Collision Coverage; this coverage will pay for the repairs to your vehicle if you are involved in an accident and it does not matter who is at fault, your car will still be covered.

You will also want t purchase Comprehensive Coverage because this coverage will pay for claims that are caused by vandalism, fire, or hail to name a few of the items covered.

Also, you will want to purchase Uninsured Motorist Coverage so that you can have protection in case another person hit your car and they don’t have any insurance. This coverage will also pay for injuries and any property damage that the accident might cause.

The Insurance Agent should recommend the proper amount of coverages that you will need, however, you need to make sure you buy deductibles that you can afford. So, ask for multiple quotes with different deductibles on the coverages to see what package will work out best for you. Also, I would recommend that you can quotes from at least three different companies before you make your decision.

Whether you are hosting a birthday party, a housewarming or a new years eve party, chances are that some if not all of your guests will have a bit more to drink than they should. If these guests are involved in an accident or damage other peoples’ property, will you be liable? The answer is… maybe! Depending on where you live, you may be responsible for your guests’ behavior if it is as a direct result of consuming too much alcohol on your property.

These regulations differ from state to state and country to country. As a rule of thumb, however, it is wise to ensure that your guests do not over-indulge or drive if they have had too much to drink. Taking away their drink and making them a cup of coffee, giving them a place to sleep for the night or even calling them a cab might not only be your responsibility as a friend, it may also be your legal responsibility as a host. It is a good idea to ask your lawyer whether you will be held responsible for your guests’ actions after they attend a function on your property.

If you can be held liable, it is a good idea to review your insurance policy to make sure that you are covered for property damage and personal liability. If you do not understand the clauses and terms in your insurance policy, ask your insurance broker to explain it to you and help determine if you are sufficiently covered. If you are not covered, it may be wise to buy a liability policy. If you already have some form of liability insurance, but are insufficiently covered, you may need to purchase an umbrella policy in the event that a claim is made against you which exceeds the amount of cover that your liability policy provides. If you are covered by an umbrella policy, your normal personal liability cover will pay first. When the limit of your cover is exhausted, the umbrella policy will kick in and cover the remaining amount thereby protecting your assets from the claim. Try using insurance comparison sites to find good and affordable liability and umbrella insurance policy. If you already have some form of liability cover, ask your current insurer if they offer umbrella policies.

It is also critical that you inform your insurer if anything should happen on your premises or to your guests following a party on your premises. There are often “timely notice” clauses which could excuse insurers from honoring your claim. If you are aware of a suit or incident, notify your insurer immediately to ensure they fulfill their commitment to you.

To prevent this kind of claim from occurring, consider asking your friends for their car keys when they enter your home if you are serving alcohol. Serving food can move the focus away from drinking and help keep your guests sober. Make sure there are designated drivers present or keep a taxi company’s number handy. Finally, and probably most important, stop serving alcohol to people who are clearly intoxicated if they do not have alternate means of transport.