As with auto insurance, most states mandate minimum liability coverage for motorcycles, though theft (comprehensive) insurance is optional.
In any case, liability coverage would offer great protection if a gun was lost, stolen or used by a third party to commit a crime.
An LLC can also be suitable for the single owner who wants the liability coverage of a corporation but the more simplified tax treatment and operational freedom of a sole proprietorship.
In fact, I suspect that it is destined to become part of business liability coverage soon, and customers, suppliers, boards and investors will insist that you have the appropriate amount to do business.
The CFA suggests state insurance commissioners help make rates fairer and more affordable for a wider range of consumers by lowering minimum liability coverage, making certain that insurers are charging fair rates for this coverage and prohibiting or restricting providers from using factors unrelated to driving (including education and occupation) to price their policies.
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Anyone who has a teenage child knows how easily it could have been them, and this example is a reminder to not simply take the minimum liability insurance coverage on auto insurance policies.
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Still, despite having neither a liability advantage nor CARD Act coverage, business credit cards do have their benefits.
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Five years ago Pallat, an articulate 39-year-old former industry consultant who is quick with numbers, saw a huge opportunity in the business of brokering liability for workers' compensation coverage, which by law most companies in the country must buy.
Among changes that might work in consumers' favor are liability protection for certain claims and coverage for mold more generous than that of the typical ISO policy, says Mr. Schwarcz, who also serves as a consumer representative at the National Association of Insurance Commissioners, an organization of state regulators.
Medical doctors have long had difficulty finding malpractice coverage yet patients have not limited their liability.
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Review your insurance coverage--life, health, disability, auto, homeowners and umbrella liability.
Because the number of attacks have declined, piracy coverage prices have, too, said Amanda Holt, a vice president in the financial and professional liability unit at insurance brokerage Marsh in Norwich, England.
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