Thinking back to the $ 500,000
vehicular accident liability example, your auto insurance policy might cover only $ 250,000 in damages.
Not exact matches
To date, Tom has been lead counsel in over 100 jury trials in both Federal and State Court encompassing a wide variety of injuries and wrongful death resulting from product
liability, premises
liability,
vehicular, trucking
accidents, and bad faith litigation.
Mike Colavecchio represents clients in all areas of casualty defense, including medical malpractice, construction
accidents, premises
liability, products
liability, municipal
liability, legal malpractice, copyright infringement and
vehicular negligence.
Bob handles various types of cases, including construction
accidents, trucking
accidents, contract disputes, premises
liability, municipal
liability,
vehicular negligence, and criminal law.
Jim Connors has extensive experience defending clients in cases sounding in professional and general
liability including matters involving nursing home
liability, medical malpractice, premises
liability, construction
accidents,
vehicular negligence, attorney malpractice, religious institution
liability and products
liability.
She represents clients in all facets of casualty defense litigation, including construction
accidents, premises
liability, products
liability, municipal
liability and
vehicular negligence.
Personal injury
liability insurance exists to cover the costs of injuring other people in
vehicular accidents.
Not only will you better protect your
vehicular liability, but you are insured should
accidents occur in other areas of your business.
These minimums are typically enough to cover the
liability costs of most
vehicular accidents, but a major collision that involves severe injuries or property damage can easily exceed these amounts.
For example, when you take into consideration that the average
liability cost for a car
accident involving a serious injury is $ 68,000 and the average cost for a fatal collision is currently $ 3.2 million, you can see that in the case of a major
accident, the coverage offered by your
vehicular insurance policy simply may not be enough.
For example, State Farm Insurance Co. typically ratchets up your premium if an insured is found to be «at - fault» for a
vehicular accident - meaning any
accident in which the company pays more than $ 750 in property damage
liability and collision claim payments, according to State Farm spokesman Bill Sirola.
From here, you must carefully assess the premium offered by your provider according to how it could financially protect you against any possible damage or
liability caused by
vehicular accidents.
In case of
vehicular accidents that is caused by your negligence, other types of insurance policy may cover it such as for
liability and collision.
Consider this: the average cost of medical treatment for injuries sustained in a
vehicular accident exceeds $ 68,000 per injured person, and the average
liability cost for fatal collisions is currently $ 3.2 million.
Uninsured Motorist and Underinsured Motorist Auto Insurance Coverage apply when the at - fault driver of a
vehicular accident lacks
liability or has insufficient coverage to pay for the damages caused to other people.
Because a
vehicular accident has the potential to cause your company a significant financial loss, it is a good idea to purchase as much coverage as you can reasonably afford as this will not only protect you from
liability lawsuits, but will also protect the investment you have made in your vehicles.
Minimum
liability coverage will not give you that much protection in the case of a serious
vehicular accident.
These minimums are enough to cover your
liability in most
vehicular accidents.
Louisiana business insurance covers the cost of claims so that you don't have to pay out of pocket for property damage,
liability claims or
vehicular accidents.
When it comes to
liability insurance coverage, the state minimum requirements are likely to be far too low to adequately protect your finances if you are responsible for a
vehicular accident while driving your RV.