Technorati Tags: public liability insurance

Commercial General Liability insurance that, at a minimum, covers Premises and Operations, Products and Completed Operations, Blanket Contractual Liability for both Oral and Written Contracts and Broad Form Property Damage at liability limits of not less than $2,000,000 each occurrence for Bodily Injury and Property Damage, $2,000,000 each occurrence and $2,000,000 in the aggregate for Products and Completed Operations, and $2,000,000 policy General Aggregate; and
(ii) Professional Liability insurance (with coverage for, at a minimum, $1,000,0000 for each claim or wrongful act)
* Telecommunicatin/Mobile advertisment industry

You are flat out NOT going to get coverage for contractual liability, oral contracts. Ain’t gonna happen.

And you’re not going to get professional liability, without naming which LICENSED profession you’re trying to insure.

Coverage is BASED on gross sales, or payroll, or the number of licensed professionals – none of which you mentioned.

For an advertising agency, you need to budget a minimum of $5,000 for insurance. But there’s nowhere NEAR enough information for a "real" quote – it could be ten or a hundred times that, depending on a wide variety of factors that you flat out didn’t mention.

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I have a pre-employment DMV check and have three driving offenses (within 3 years – 2xSpeeding 1xAccident at fault). Prior to the 3 years I have a few more speeding tickets and another accident. The job requires 40% driving with a company car. I’m afraid that they will not hire me based on my DMV record. Is there a way to transfer liability from the business to myself..? Possibly driving my own car with some sort of extended insurance that relieves liability off of the company? What can I do to avoid the company from not hiring me based on my record?
How much would picking up commercial coverage cost?… Rough est please? Also the current accident will drop off in october and it’s been over a yera since my last ticket.

You are probably screwed with getting a job there then. Trying to get additional coverage for business driving with your record on your own will be a HUGE amount.

Cheaper to have an attorney look at your past record and try to get some points off some how. Not cheap and time consuming.

First thing to realize is that your "DMV record" is a good indicator to insurance companies and to future employers as to what kind of person you are behind the wheel. Change that record and you’ll appear to be a much more likely candidate to them.

RoyG
KC

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I have to do a project for my Economics class. I have to establish a fictional business. The problem is, I can’t find out the cost of insurance unless I fill out a form and wait to be contacted by an actual insurance agent. I’m not really forming a business. So I was just wondering, how much would each insurance generally cost?
Any help would be greatly appreciated! :]
Thank you!

I think and arm and a leg!

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Please read carefully:
Under Canada Revenue, line 212 states that "professional or malpractice liability insurance premiums or professional membership dues required to keep a professional status recognized by law": http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/212/menu-eng.html

Now.. if I’m working as a health care worker and it is an OPTION for me to get liability insurance provided by my professional college, is the liability insurance tax deductible?

No, it must be required.

If you are a contract worker, i.e. self-employed, the insurance would be an expense claimed against your income on Form T2125.

If you are salaried, you are covered under your employer’s liability policy and therefore having your own insurance is considered non-essential by CRA, therefore non-deductible.

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Specifically, "no personal liability" is in the small print refererring to the cover i get for Surfing. Does this mean i am covered if I accidently hurt myself, but i’m not covered if I accidently hurt someone else? Any insurance experts around?

Can anyone recommend a good insurance company for travel?

Answer 1 seems correct you are not covered if you cause damage to person or property. Regarding company to choose I would recommend Columbus especially for longer trips 28 days + Higher amounts of cover than many others plus optional covers. Avoid travel agents like the plague poor cvover and over priced. Use a broker or deal directly with an insurer. Regarding refererring in your question is that a spelling mistake or a freudian slip.
Happy hols bru.

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Salon coverage – for one chair, with professional liability, should run you about $750 a year, varying geographically.

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Define cheap.

There isn’t much competition out there for medical malpractice, the rates are all pretty much the same. The biggest difference is in the tail or retroactive date – so if one policy is drastically lower than another, you can be pretty darned sure that you’re giving up coverage somewhere.

You need to talk to the doc that supervises you, and go to HIS agent to get a quote for your own.

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I have a home office and will be acting as an Independent Sales Agent for an IT Consulting Company. Currently I have a Homeowners Policy in the amount of $545,000, and ample full coverage on both of my vehicles. One of the requests made by the company I am going to be acting as an Independent Agent for, is to carry a Personal Liability Policy (minimum amount of $100,000). There will be no customers or clients entering my home. All of my work is performed via a phone line (both land line and cell), and a PC/Laptop for eMail and internet access. Do I need to carry a PL policy, or is my Homeowners Policy sufficient enough?
Please reply to: resumes@roichicago.com

Your homeowners policy will not provide you any coverage on this business exposure. What you do need is a Professional Liability Policy (also known as Malpractice Policy or Errors & Omissions Insurance). This type of policy will provide coverage in case someone sues you for advising them to purchase the wrong type of service or product and they subsequently suffer loss as a result of that advice. The policy will usually provide for payment of defense costs and will pay the judgement if you are found to be liable.

I would also recommend (and the Underwriter who writes the Professional Liability Policy might require) that you obtain a Commercial General Liability for third party damages that you might cause–i.e. you cause some one to slip and fall while out on a sales call.

The other consideration is if you use your personal vehicle to make sales calls–you should notify your personal auto carrier, they might just add the additional mileage and classification for sales calls and give you the coverage or the might tell you that they can no longer write the account and you will then need to purchase a commercial automobile policy. What you do not want is to end up with an accident that the insurance company later denies because they won’t cover the business exposure.

In terms of finding a company that you will look over your situation and see what you need to be in compliance and give you the necessary quotes, I would find a local independent insurance agent that specializes in Commercial Insurance — you might want to check agents that represent Travelers Insurance or CNA since they both have some great Technology policies that will combine both the Professional Liability and the Commercial General Liability in one policy. The other option is a company call Apogee–they are wholesale underwriters that also offer a combined package option and should be able to refer you to an agent that represents them locally.

I hope this helps. Good Luck!

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I’m concidering starting my own small business but thats one of the things I’ll need to concider.

Try Arthur J. Gallagher & Co. They may have a plan for under $1000. http://ajg.com/ The type of business you may be starting will dictate the cost.

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