NLIC.org

Chester Said:

How much does "extra" liability insurance cost?

We Answered:

There's no such thing as "extra" liabililty. EXCESS liability, comes in $1,000,000 bits - so you can't buy $300K of excess liability.

Your landlord's insurance covers your landlord. Your renters insurance covers you. Likely, your renters insurance IS the liability "package" that they are talking about, assuming that you're renting the place you live, and have an HO4 renters policy.

Julie Said:

How important is liability insurance if you're starting a seminar?

We Answered:

I assume that this insurance would protect you against lawsuits from people who felt you didn't adequately prepare them for a relationship, or something like that.

I would make sure that
a) I was incorporated, so that my personal assets were protected (at least somewhat) from possible business-related law suits.
b) I had a lawyer draw up some sort of sheet folks had to sign before the seminar that says that this seminar doesn't take the place of psychotherapy, that you are not a liscensed psychiatrist, etc. etc.
c) that I had general business liability insurance, in case someone trips over one of your microphone cords and loses an eye.

You don't "need" to have any insurance at all. It's all about balancing cost and risk. What's the risk of not having insurance? What's the cost of having it?

I would first go out and get good, sound legal advice. Perhaps your local small business association could put you in touch with someone who can advise you. I would also take all the advice you get here on YahooAnswers (including mine) with a huge grain of salt. Anyone can say anything here, even folks who know nothing at all (like me.)

Good luck.

Roger Said:

I purchased Liability insurance with help from a lender, Does failure to pay lender cancel policy?

We Answered:

No, many times the lender here is a subsidiary of the insurance company - and that is ultimately not relevant even if it is true. The lender basically makes interest off the loan, but is "authorized" to enter into this contract as a third party surety by the insurance company in return for "periodic payments" of your insurance premium. Even if they do it on paper differently, the law treats it as your insurer not getting full payment up front, but rather you are insured on a pay as you go basis. The law is clear on this, and as you may have suspected, favors the insurer and lender over you. The only way your scenario would be true is if you went to a lender personally, took out a loan for the amount of the insurance and paid the insurance company directly. That is not what happened in your case. Like all loans, there must be collateral. In my final example, the lender wouldn't go after your insurance but would go after what collateral for the loan you put down (house?). In your case (likely), you offered no collateral - therefore, your insurance is the collateral. Good luck BTW. Try calling them and see if you can't work something out.

Lloyd Said:

Where can I get liability insurance for a German Shepherd?

We Answered:

If you are fit to own a dog, you don't NEED liability insurance against your dog causing damage. But you probably need comprehensive veterinary insurance.

You SHOULD:
• Have fencing that will not only keep your pet home but will also keep stray dogs & stray brays OUT!
• Be in a weekly training club class for at least a year starting when Pup was 18-22 weeks old.
And if you can't leave your pet running loose in the house while you are away, you should have a roofed security run for it, at least 12ft long between gate & raised sleeping box.

I have had GSDs for more than 40 years. 4 of them HAVE bitten people, but no compensation was required, although 1 chap DID try to claim it.
Les P, owner of GSD_Friendly: http://pets.groups.yahoo.com/group/GSD_F…
"In GSDs" as of 1967

Allan Said:

Need Erros & Ommissions Liability for Insurance Agent?

We Answered:

I use Calsurance myself. They're one of the biggest E&O providers for insurance agents. Contact them, they can give you a quote.

http://www.calsurance.com/

Adam Said:

Is it possible to get liability auto insurance and comprehensive?

We Answered:

Well, your agent is wrong. If the car is in a locked storage facility and not registered for road use (you turn in the plates) you CAN get comp by itself, as long as you have a second car on the policy which IS registered and DOES have liability coverage.

Or, you can insure the car for just liability and comp - no collision. Now, if there's a LOAN on the policy, the lender won't accept that - they'll put forced placement coverage on the car, and eventually repo your car if you don't pay the extra $500 or so a month to the loan. But that's not the AGENT'S problem, that's YOUR problem - that's the deal between you and the lender.

If it were me, I'd make you sign off that you understand that deleting collision means there's no coverage for your car in an accident, and it won't fulfill any loan requirements. And it can't be added on, retroactively, after you get that $2,000 bill from the lender. But I'd do it, after you signed off. It's not MY responsibiltiy to be sure you comply with your loan agreement.

Lester Said:

Is contractual liability insurance provided in a artisan contractors policy when working for water districts?

We Answered:

First of all, agents don't have the ability or the power to deny the claim on behalf of the insurance policy.

Regarding contractual liability in the policy - it depends on the policy form, and the type of contractual liability you're talking about. I'd need to read the policy form, the contract, and the insurance requirements in the bid specs to tell you for sure.

Did the agent give you a declination letter in writing? And what is the date of loss? Your first step is to get a declination in writing. When you ask for that, most likely the agent WILL contact the insurance company.

Oh, and if you haven't done it yet, get a new agent.