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Are auto warranty companies exempt from carrying general liability insurance coverage?
No - they are not exempt - there really is no requirement for General Liability insurance such as there is in some states for auto insurance. To my knowledge there are no general laws that require any company to carry General Liability insurance. There may be local or state laws that require proof of insurance to access privileges, such as being licensed to conduct business in a town or state. Many entities require proof of coverage such as customers, lienholders, mortgagees, licensing entities (city, state, business, professional licenses), and many more. I do not believe there is a blanket "law" or requirement that applies to all business entities. In practical fact, it is the stakeholders in and around any business that "require" insurance to make the risk of doing business with the entity one that is somewhat controlled. Auto warranty companies may be only selling a promise to provide a service through another entity - the dealer or repair shop - and therefor try to advise an unhappy customer that they don't need insurance, i.e. go see the entity that was to provide the maintenance/repair. That does not mean the warranty company does not have insurance; most probably they carry both General Liability and Professional Liability. It is most likely they carry a VERY high deductible and REINSURE the rest and are probably part of a Risk Retention Group which further reinsures the exposure.
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Has anyone joined the truck insurance exchange?
Truck insurance exchange gives primary and general liability coverage for the driver and any associated parties, cargo coverage for carrying loads and physical coverage to defend the truck itself. The Better Business Bureau have a list of reliable companies that you can choose from.
Which insurance companies provide liability insurance?
Many insurance companies will provide liability insurance at various rates depending upon the situation. Examples worth looking at would be Cornell and Admiral who provide good low rates for it.
What companies offer the cheapest commercial liability insurance?
"Many companies offer cheap commercial liability insurance. About every company has the same coverage at around the same price. Allstate, CApotial one."
What is the Liability of homeowner acting as General contractor?
Homeowners insurance does not have liability coverage for your job occupation. You can obtain contractors insurance for liability coverage.
Where can I get liability car insurance?
Liability coverage (often simply called "liability") protects you from damage you do to others or to property in an accident. Some level of auto liability insurance coverage is required in all 50 states - get info for your state's auto liability insurance coverage requirements here.
Where can one find information on personal liability coverage?
One can find information about personal liability coverage by looking into insurance agencies. Many insurance companies provide all types of insurance so it is important to find the one which covers exactly what one wants and needs.
Does professional liability insurance cover client companies?
Yes, If your client has a claim against you for damages resulting from your professional advice or services, Your professional Liability insurance will provide coverage for the insured's defense cost as well as coverage for the client if you are determined to be liable.
What is UM in car insurance?
UM stands for uninsured motorist. This type of coverage is used to take the place of the other parties insurance in paying for damage to your bodily injury and property damage expenses if the other party does not have insurance. You can purchase various amount of UM coverage just as you can for your liability insurance though most companies will not let you buy more UM coverage than you do for your liability coverage.
Does liability insurance cover a stolen car?
Liability Insurance and the Stolen VehicleNo, Liability Insurance provides coverage for damages or injuries that we cause to others. It does not provide coverage for our own vehicle damages or theft.
What are the two type of coverage provided by a homeowners insurance policy?
Property and Liability
What liability insurance coverage can be obtained for vacant land?
Whatever coverage amount you wish and that the company will accept, You can obtain liability insurance on vacant land.
What coverage is provided when purchasing standard car insurance?
Coverage that is provided when purchasing standard car insurance are liability coverage and the legal right to drive. There are two liability coverages: bodily injury and property damage liability.
