What Liability Insurance Do I Need

What are the requirements for liability insurance?

Liability Insurance Requirement. The policy must provide at least $50,000 of liability coverage per occurrence. It is illegal for the owner of such a vessel to operate it, or allow others to operate it, unless the vessel has the required insurance. Proof of insurance must be carried on board the vessel and be available for inspection by an enforcement officer.

Why do companies need liability insurance coverage?

General liability coverage shields you from common business risks such as:Third-party bodily injuryThird-party property damageCopyright infringement, libel, or slander

Who needs general liability insurance?

Some common professions that needs General Liability Insurance are: Construction Companies. Carpenters. Plumbers. Cleaning Companies. Electricians. Landscapers. Painters.

How much does personal liability insurance cost?

The average annual cost of general liability insurance, regardless of policy limits, is $741 (less than $62 per month), with a median price of $428 (about $36 per month).

What Liability Insurance Do I Need

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