When you buy liability insurance, the coverage pays other people for harm you might cause. But what happens if you don't care if those people are protected? You still probably need liability insurance. Here's why.
You Don't Want to Get Sued
The most obvious reason for buying liability insurance is that you don't want to get sued. Even though your insurance company will pay the other person, it's really paying them so you don't have to.
Medical malpractice insurance is required in many states if you're a medical provider, and it's a good idea to carry it even where it's not required. Malpractice insurance pays for court costs, settlements, and damages if you lose a case that goes to trial. All of these can be extremely expensive, so practicing with no insurance poses a great financial risk to you. While insurance premiums are typically high for malpractice insurance, the decrease in financial risk makes carrying insurance worth it.
When your family is about to get bigger due to having a baby, it's best to make some adjustments at home. If you own a car, you'll likely want to make adjustments to your car insurance plan before your baby arrives. Since your current plan may not be comprehensive enough for your baby, you need to change your plan.
If you're unsure of what the best options are and how a policy could be the right fit, you need to consider the following.
As an architect or an engineer, you have a lot on your plate when it comes to running your business. To fully focus your attention on the tasks you are best at, you need to have the right insurance to protect your business. Errors and omissions insurance is one of the types of insurance you should be carrying, as it can provide you with the following benefits.
Benefit #1: Build Trust with Clients
When you need auto insurance, you might call an agent for a quote. When you call, the agent will likely ask you some questions before offering you a quote for coverage. Before you call for insurance, though, you might want to learn about some less-common types of auto insurance coverage you can buy. Read on to learn more about the less-common types of auto insurance coverage you can purchase.
Non-Owners Insurance
