Yes
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Hello, it all depends on what your business will do - as far as I am aware the only trade that is legally required to have public liability is a horse riding company. With every other trade it is just heavily recommended. Public Liability insurance protects you and your business against any damage that you cause to your clients property or persons. If you have any employees you are legally required to have employers liability insurance. It protects your business and your employees if they get injured whilst working for you - it pays medical costs and other associated costs.
What kind of work is the business going to be doing?
Kind Regards
Tim
Simply Business
corporation
It is not required by law, but yes, I would recommend it. Say for instance there are some dead trees on the lot that you probably should have maintained, and these trees fall onto a neighbor's property or a person. You may be held legally liable for these damages. You can contact your agent to add an endorsement onto your main homeowner's policy to cover liability for another premises.
form_title=Incorporate Your Business form_header=By being incorporated, you can legally run a business. Describe your business:=_ Do you have any partners in your business?= () Yes () No What do you expect out of incorporation services?=_
No
Damage to Premises Rented to You - formerly known as Fire Legal Liability Coverage - covers your liability to others if you occupy leased or rented property for which you could be held legally liable for damage to the property due to fire or explosion.
It is required to have liability car insurance to legally drive in Tennessee.
form_title=Liability Insurance form_header=Ensure that your assets are properly protected from any lawsuits that may be brought against your company. Liability insurance can safeguard against several known and unknown risks. Type of liability insurance needed?= {(),Business Liability Insurance,Property Liability Insurance,Commercial Liability Insurance,Professional Liability Insurance,Directors and Officers Liability Insurance,Product Liability Insurance,Other,Not Sure} Have you ever had liability insurance before?= () Yes () No Business Type:=_ Years in business:= {(),0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,More}
"Legally," if planning on conducting hair cutting/coloring/styling business out of your home, a business license and liability insurance are required.
Yes, you do legally need boat insurance in case you get into an accident. make sure you have the right amount of coverage to cover you for any liability and loss.
Yes you do ! If someone (either staff or customer) injures themselves while on your premises - they could sue you in court. Liability insurance is paid to protect the owner from such claims.
The liability section of your homeowners insurance covers items that you are legally obligated to pay for injuries to other persons due to your negligence. It will also pay for legal fees to defend you if you are sued for such items.
If you just so happen to own your very own small business, you do not necessarily have to set up a limited liability company. It is not legally required.
yes most factories should protect themselves with any kind of insurance even pollution liability insurance. If they ever get sued they wont legally be upheld for any kind of medical damages.
I'm not certain that it's actually legally required. However, even if it's not mandated, if you don't have liability insurance anyone can accuse you of breaking whatever and whether you did it or not, you're going to be the one dealing with it, including shelling out for legal fees and possibly paying for it if you lose the case. If you do have liability insurance, the insurance company will be taking care of a lot of that for you. Bottom line: yes, you need liability insurance.
Depending on your needs and financial situation, business travel insurance should be considered for your business trips. Many travel insurance companies have business specific coverage, but you are not legally obliged to purchase travel insurance.
Legally you cannot continue to have commercial insurance till your business licence is revalidated. It's your duty to intimate the Insurance Co. about the suspension of your business licence.
There is a specific type of insurance for all restaurants. For Thai restaurants , it would be ideal to get a commercial property insurance or in the alternative, a general liability insurance.