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I have a buddy that is starting a mobile oil change company and needs liability insurance.. If you can write in TX, please PM me..
Thanks!
Thanks!
Business Insurance
- Thread starter joshril
- Start date
Hai,
I am Mano. I am Newbie to here.
Liability insurance - is a part of the general insurance system of risk transference. Originally, individuals or companies that faced a common peril, formed a group and created a self-help fund out of which to pay compensation should any member incur loss. The modern system relies on dedicated carriers to offer protection against specified perils in consideration of a premium. Liability insurance is designed to offer specific protection against third party claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally and contractual liability are not covered under liability insurance policies. When a claim is made, the insurance carrier has the right to defend the insured. The legal costs of a defense are not affected by any policy limits, which is useful because they can be significant where long trials are held to determine either fault or the amount of damages.
I am Mano. I am Newbie to here.
Liability insurance - is a part of the general insurance system of risk transference. Originally, individuals or companies that faced a common peril, formed a group and created a self-help fund out of which to pay compensation should any member incur loss. The modern system relies on dedicated carriers to offer protection against specified perils in consideration of a premium. Liability insurance is designed to offer specific protection against third party claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally and contractual liability are not covered under liability insurance policies. When a claim is made, the insurance carrier has the right to defend the insured. The legal costs of a defense are not affected by any policy limits, which is useful because they can be significant where long trials are held to determine either fault or the amount of damages.
- 10,275
Bob...Do you ever plan on posting a comment without telling people to email you about your services?
Email me if you have any questions.
Email me if you have any questions.
- 7,790
Thanks for the explanation of liability insurance, mano. I really needed that. It made my day!
- Thread starter
- #5
- 1,328
By the way... if anyone on here ever needs health or life insurance, email me at [email protected]*m
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- Thread starter
- #8
- 1,328
Hmm... my server has been down because of all the spamming I've been doing I guess...
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