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How much general liability insurance should a tenant be required to carry?
Wiki User
∙ 10y ago
Liability requirements should be commensurate with the risk expsoure excountered.
One might ask, What is the maximum libility exposure of the tenant?
This would be the amount of liability insurance to carry.
Wiki User
∙ 10y ago
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You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?
You need a commercial general liability policy.
Should volunteer sports coaches get general liability insurance?
No, because they are volunteering to do it. If they got liability insurance for it, then they should just get paid for doing it.
What public liability is need for fitness classes?
General Liability Insurance is what is needed for the Class Facility or Premises location where the classes are held. General Liability Insurance provides coverage for slip and fall and other premise related claims.Professional Liability Insurance should be obtained for the Instructors. Professional Liability provides coverage for claims related to malpractice and competency of the professional instructor.Answerschools
What kind of insurance do general contractors need to have?
General contracts must carry at a minimum liability insurance along with being bonded by the state. Liability insurance should be no less than $1 million and could be much higher depending on the job.
How General Insurance Can Protect You?
"General insurance" is the umbrella term used by the insurance industry to describe all policies other than life insurance policies. This includes various types of insurance for individuals as well business policies. The two most common types of general insurance for individuals are automobile insurance and homeowners insurance, both of which can include property and casualty coverage. The two most common types of general insurance available for businesses are commercial auto liability and commercial general liability. Other commercial general insurance products include premise liability, professional liability, product liability and operations liability. An increasingly popular commercial product is business interruption insurance that provides the business owner with income should a disaster fall that is covered by other parts of his or her policy.
Can you deduct work comp or general liability insurance from a 1099 contractors check if they don't produce their own policy in Nebraska Iowa or Texas?
Did you actually buy Workers Comp or General Liability Insurance for that contractor? If not, Then you have no right to deduct the cost of something you did not provide. If you "Did" go out and buy the required insurance and that requirement was in your contract, then you should have no problems deducting the cost from the check. Your supposed to verify that they have the appropriate insurance "before " you hire them.
Despite my careful nature, would you still suggest that I get a general liability insurance?
If you are wondering about it then you should invest in it. It is always good to have all your bases covered. Just in case there is ever an issue it is always good to have general liability insurance.
What is the General Liability Insurance?
Commercial GL covers your business for damages alledged by a third party including bodily injury and property damage. When you start a company, you should purchase GL insurance when you have any of the following : Sales, assets, employees, a physical location.
If somebody has a 100K dollar net worth how much liability insurance do they need?
Amount of liability insuranceYou should get enough general liability insurance to cover your net worth or your perceived potential liabilities. If you're involved in high-risk activities, you might consider even more insurance.
Is it standard procedure to be required to renew general liability insurance each year having to pay a large deposit each time?
No, it's almost always required when you are new, but after the first balloon pymt, should no longer be req'd unless you change companies.
What type of business insurance is necessary to protect a wedding planning business and the cost per year?
You should be looking for general liability and errors and ommission insurance.
Will I need business liability insurance for a forklift rental?
5 TYPES OF INSURANCE YOU NEED TO PROTECT YOUR BUSINESS 1.BUSINESS AUTO INSURANCE 2.COMMERCIAL PROPERTY INSURANCE 3.COMMERCIAL UMBRELLA INSURANCE 4.GENERAL LIABILITY INSURANCE 5.WORKERS’ COMPENSATION INSURANCE Workers Compensation Insurance provides coverage for both work related injuries and some lost income. We also represent several top rated workers compensation insurance companies and can get you the right coverage that fits your business insurance budget.
