NLIC.org

Lorraine Said:

Need gen. liability insurance broker referral for funeral escort bus., indemnify city of punitive damage.?

We Answered:

Firstly no one can point you in the right direction because no one knows: a) where you are, or b) why you were not renewed by your present carrier.
Second a Commercial General Liability policy ALWAYS excludes punitive damages. Punitive damages are seen as a punishment handed down by the courts for intentionally trying to cause damage/injury. Insurance policies always exclude liability for damages/injuries the insured intentionally tries to cause others (they are criminal acts). I have only seen one type of policy that covers awards for punitive damages: a Employer's Practices Liability policy, however this type of policy is not what you are looking for (although useful if you have more than 5 employees).

Clifton Said:

Insurance broker, led me to believe I can have liability only on my bank owned car. Is that illegal?

We Answered:

It is very common for a lender to require full coverage on a vehicle they are financing. It should have been in the papers he signed to get the financing in place. Unless your agent put it in written form that "It's acceptable to only have liability on a car that is financed" you have nothing but a "he said she said" situation. Even if you manage to find her, and get her into court, do you think for a minute she will admit to giving you wrong advice, or do you think she will say "I gave the customer exactly what he asked for, and added his son to his policy."

Go find a reputable insurance company, get him full coverage, and get the binder that shows you have the insurance needed. Take that to the bank before they add their own, VERY expensive insurance to the car and you have that bill also, or decide to take the car back because he didn't do as he was supposed to.

Once you have all that taken care of, contact the insurance commission in your state, and file a complaint against the first insurance company.

Dustin Said:

Does FDIC's insurance liability increase because of brokered deposits?

We Answered:

That is what the brokers are supposed to do. You use of the word "seem" is misleading. They would be negligent if they did not do it.

Theresa Said:

How do I make money selling liability insurance on my website?

We Answered:

Obviously you are not licensed or have any experience, because someone who had what I just mentioned would already know the answer to that question. Get a license, get some experience by working for someone else in an office and then you'll have your answer. Plus not knowing where you are or what type of liability product you're trying to sell makes answering the question impossible.

Johnny Said:

BUSINESS LIABILITY INS RUN A BUSINESS OUT OF MY HOME, AS A PRINTING BROKER NO EQUIPMENT.HAVE 2MIL. UNBRELLA?

We Answered:

A typical homeowners policy will not cover business liability. That goes for your personal umbrella as well. There's the bad news, the good news is that a few insurance companies will endorse their policies to cover liability arising from a home based business. Check with your agent to see if your company will do this. If the coverage afforded by the endorsement is not adequate or not offered he or she can suggest a commercial general liability or business owners package policy for a relatively low annual premium.

Though your risk is low I would suggest you have liability insurance. If you work with larger companies they will often require that you carry minimum limits of liability insurance.