As the owner, you can design a truckers occupational
accident policy suited to your needs and budget.
Not exact matches
After all, the existing tort - liability system is flexible enough to cover autonomous cars, and
accident victims are extremely likely to go after automakers with deep pockets for product liability
suits rather than individuals with auto insurance
policies with lower limits.
This type of insurance helps protect against injury claims and property - damage
suits (up to
policy limits) brought by other drivers, pedestrians, or property owners if you are at fault in an
accident.
215 ILCS 5/143.1: Period of limitation tolled Whenever any
policy or contract for insurance (except life,
accident and health, fidelity and surety, and ocean marine
policies) contains a limitation period in which the insured may bring
suit, the running of the period is tolled from the date proof of loss is filed, in the form required by the
policy, until the date the claim is denied in whole or in part.
For example, in the event that you or one of your employees is responsible for a serious
accident that results in extensive property damage or injuries and / or leads to a large liability
suit, your business umbrella
policy will protect your business assets.
The ISO business auto
policy requires you, the named insured, to give the insurer prompt notice of any
accident, claim,
suit or loss.
If a parent owns a car that a student primarily drives, Kirchner suggests keeping the car insured under the parents»
policy, since the parents would be brought into a
suit in the event of an
accident.
If Jim's
suit alleges that he sustained bodily injury as a result of an
accident attributed to Happy Havens» negligence, the
suit may be covered by the company's liability
policy.