"Liability risks" refers to the potential dangers or uncertainties that come with being legally responsible for something. It means there is a chance of facing financial losses or legal trouble if someone holds you accountable for any harm or damage caused due to your actions or negligence.
Full definition
Some landlords even restrict certain dog breeds due to size or because
of liability risk.
Renters insurance is very affordable and not only covers your possessions in the event of an unexpected loss, but also protects you from
liability risks as well.
Someone who owns a retail store does not have
same liability risks as someone who owns a medical facility or someone who manufactures products.
There's a
higher liability risk when you're dealing with customers and are more likely to be using your drone around people.
If you own a trailer, you have increased
liability risks when you are driving with it behind your vehicle.
You also have
decreased liability risks since injuries sustained by guest outside the boundaries of your unit will be covered by the condo association's master plan.
Some insurers would consider lying about having children in the house to be a material misrepresentation, because children represent an
additional liability risk which they believe should be priced accordingly.
A good umbrella policy can cover these and many
more liability risks for which you may not have coverage under your automobile or home insurance policy.
There is a
serious liability risk, however, from the standpoint of being able to get out in a fire, especially for guests who might not be familiar with the home.
As a tenant, you are responsible for insuring the property that belongs to you and covering your
own liability risks.
However, their policy is not going to pay for personal property losses that renters might have, nor will it pay for
personal liability risks that they may encounter.
Opening a home business means you'll spend more time at home though, and that may expose you to
greater liability risks or liability coverage gaps.
One injured person or one piece of valuable property that is damaged can lead to significant
legal liability risks for you as the event planner.
If you have a fleet of commercial trucks that deliver hazardous materials, for example, you will need specialized commercial truck insurance that covers your
specific liability risks.
You can count on an independent agent in the Trusted Choice ® network for assistance determining your
unique liability risks and coverage needs.
Your policy will include general liability insurance, which can cover legal defense, court costs and financial damages for a number of
common liability risks.
If your policy lists the trailer, your auto insurance may cover the
added liability risk of an accident that involves your trailer.
It is possible that the
new liability risk will force annuity providers to create products that can be defended as prudent for retirement investors.
But how do you protect your personal property and guard against
liability risks once you don't need a homeowners policy?
Directors and officers liability, which specifically covers
liability risks associated with the acts or business decisions of company leaders.
These losses can be especially large in a commercial environment, where equipment and merchandise can be costly and
where liability risks can be high with customers coming in and out at all times.
This coverage typically costs less for condo owners than for owners of traditional homes since there are
fewer liability risks with condo insurance.
With a fully insured group health plan, the employer pays a fixed monthly premium and the insurance carrier assumes all
claim liability risks.
A small business with
limited liability risks could find an insurance policy for less than $ 500 while large businesses could pay thousands of dollars.
So protecting yourself against
liability risks alone is a good reason to purchase a policy, not mention that it helps pay for repair and related medical expenses.
As a condo owner, you have decreased
liability risks since you can not be held responsible for third - party injuries that may occur due to negligence in common areas.
If you regularly put on events, either as an event facility or professional event planner, one of these agents can help with every aspect of your business insurance and
commercial liability risks.
For one, you will want to look at the overall value of your property and the types
of liability risks that you are assuming at your rental.
You have tens of thousands of dollars of property in your apartment at replacement cost, and you also have a future to protect
from liability risks.
Phrases with «liability risks»