Friday, November 23, 2007

Architect Liability Insurance

Architects have always been in demand for their ability to design houses and buildings that people hold in awe. It is a highly skilled profession, where projects range in size and scope, from small office buildings to colossal sports stadiums.

However, most people can only see the bright side of architecture as a profession and do not realize that it is fraught with responsibilities. Any architectural firm may incur heavy liabilities due to the slightest error, oversight, or omission.

Such conditions require the protection of architect liability insurance for an individual architect or his/her firm. It protects professional architects in case of any legal claims that allege negligence on the part of the architect in the execution of services. At times, even when the case proves to have no validity, the legal cost involved in fighting the case can be substantial and can even leave an architect or firm reeling from the financial pressure.

Hence, architect liability insurance is a must for all architects and firms. There are various insurance and brokerage firms that offer architect liability insurance. While many of these offer the architect liability insurance as part of their other insurance packages, some others especially deal in architect liability insurance. It is a better idea to go with a brokerage or insurance firm that deals specifically with architect liability insurance, as they are knowledgeable of the field of architecture and may be open to negotiations on the premium price.

One can find information about such insurance and brokerage firms easily on the internet. However, like all types of liability insurance, it is important to first have a proper understanding of the needs from the insurance as well as what one is looking from a architect liability insurance company.

Saturday, November 17, 2007

Professional Liability Insurance for Your Medical Business

Congratulations doctors, nurses, therapists, and pharmacists! You have studied hard, spent thousands upon thousands of dollars to attend school for what probably felt like thousands upon thousands of years, and now you are ready to enter the medical workforce. You are ready to start working for a medical business, or to open your own medical business. With a scalpel in one hand, a prescription pad in the other, and a stethoscope swinging around your neck, you are ready to cure the sick and save the dying.

However, before you start working, or open your own medical business, you must purchase professional liability insurance. Otherwise, you might find yourself paying out thousands upon thousands of dollars – again.

Remember, professional liability insurance isn’t just for doctors and hospitals. Anyone working in the medical field should purchase professional liability insurance.

There are different kinds of professional liability insurance policies for you and your medical business, most of which cover allegations of malpractice. As a medical professional, you are familiar with professional liability insurance by now, and now that you are ready to start working or to open the doors of your own medical business, it is time to purchase your own professional liability insurance.

The kind of professional liability insurance you purchase for yourself and your medical business will usually depend on your specialty, the location of your medical business, and the demographics of your clientele. Along with your claims experiences and limits of liability you choose, these factors will also go into determining the cost of the professional liability insurance for yourself and your medical business, as well.

Search for professional liability insurance for yourself and your medical business based on the factors, and you can start by calling your state’s insurance bureau and asking for information about professional liability insurance for medical professionals and medical businesses. They will be able to walk you through the steps of purchasing professional liability insurance.

Monday, November 12, 2007

How to Get Cheap Car Insurance in Albuquerque

Cheap car insurance in Albuquerque – if you opt for New Mexico’s minimum liability car insurance requirements rather than to purchase full-coverage insurance – can be obtained in one of two ways: you can purchase the minimum liability auto insurance policy from a New Mexico car insurance company of your choosing, or you can insure yourself.

Affordable Albuquerque car insurance comes relatively easy to safe drivers with decent driving records and minimally flawed credit reports. If a New Mexico driver is eligible to purchase a minimum liability car insurance policy, and if he or she is alright with the idea of not having full-coverage car insurance in Albuquerque, the minimum liability coverage policy is probably the cheapest New Mexico car insurance for him or her.

New Mexico’s minimum liability car insurance requirements are as follows:

• $10,000 per accident for property damage
• $20,000 per person for bodily injury or death of a person
• $50,000 per accident for bodily injury or death of more than one person

You may think this doesn’t seem like much insurance coverage – only $20,000 if a person should die in an accident? That hardly seems like adequate insurance for the death of a person in an accident caused by you. This is why insurance companies licensed to sell auto insurance in New Mexico recommend purchasing more than the minimum liability car insurance requirements.

Of course, if you have an extra $60,000 lying around, you can opt to self-insure. You simply need to make a cash deposit or purchase a surety deposit for $60,000 and have it on file with the New Mexico State Treasurer’s Office.

Again, if you have this kind of money to put toward Albuquerque car insurance, this may be a cheaper option for you. You won’t have to make premium payments, which are required when you purchase a traditional car insurance policy. You will have to withdrawal the money if an accident occurs; however, if you’re a safe driver, you may never have to do that.

Sunday, November 11, 2007

Errors & Omissions Insurance for Graphic Designers: The Increasing Importance of This Coverage

Do you think your commercial general liability (CGL) insurance policy will protect you from lawsuits alleging the failure of your product to perform or your failure to provide services to specifications…if so, you better think again. A general liability policy does not protect you from these exposures and as a result, you may have a gap in your liability insurance protection. This is why Errors & Omissions insurance, also known as Professional Liability and E&O for short, should be an integral part of a Graphic Designers liability insurance program.

Graphic Designers have two areas of exposure. The first is a media exposure from the designing and branding of a companies name and logo. These services give way to potential copyright and patent infringement claims. The second is a technology exposure from the designing and implementation of a web site.

The failure of many graphic designers to obtain E&O insurance reflects both a misunderstanding of the scope of protection offered and a “won’t happen to me” attitude concerning the potential risk of being sued. This insurance not only provides coverage for any damages that may be awarded but it also covers the defense costs associated with the claim.

Errors & Omissions liability claims alleging the failure to render professional services against graphic design firms are escalating. E&O liability provides coverage for claims with or without merit.

The good news is that protection is available and the cost of this insurance is becoming more affordable. There are now packages available for companies that offer a multitude of media services. Don't let your company go without this coverage.

Saturday, November 10, 2007

How to Find Affordable Automobile Insurance in Tennessee

One of the easiest ways to find affordable automobile insurance in Tennessee is to purchase only the state’s minimum car insurance requirements, also referred to as liability coverage. That is, if you can swing it. In Tennessee, those requirements are as follows: $10,000 for Property Damage Liability, $25,000 for Bodily Injury Liability per person and $50,000 for Bodily Injury Liability per accident. By purchasing no more than those amounts of coverage, you’ll most likely find cheap car insurance in Tennessee.

If you choose to obtain cheap car insurance in Tennessee by means of purchasing auto coverage that handles only the state’s minimum car insurance requirements, your premiums may still vary from your neighbor’s. This is due to individual factors auto insurers use to determine your rates including gender, age, credit score, driving record and the type of vehicle you drive. However, paying for the lowest amount of coverage allowable still means you’ll most likely pay the cheapest Tennessee auto insurance rates for you.

Obtaining affordable automobile insurance in Tennessee through the state’s minimum car insurance requirements provides the least amount of coverage. Trying to purchase auto coverage to satisfy only the minimum requirements causes other problems to arise. You see, not everyone is eligible to purchase basic liability car insurance. For example, if you financed your car through a bank or another lender, you may be required to purchase full coverage car insurance. Once you own the vehicle outright, however, you can enjoy cheap car insurance in Tennessee by switching to the state’s liability insurance requirements.

Remember, Tennessee’s basic liability coverage protects just that – your liability. You’ll only receive collision and comprehensive coverage if you purchase some sort of “full coverage” policy. If your budget or loan situation demands it, purchasing Tennessee’s minimum car insurance requirements in order to obtain affordable automobile insurance in Tennessee is ideal. You can always upgrade to a full coverage insurance policy when you’re ready.

Friday, November 9, 2007

Michigan Personal Injury Liability

In today’s litigious society, even small mishaps can lead to dreadful results and can end up in large lawsuits. That’s why it becomes almost mandatory for many people to opt for personal injury liability insurance. Personal injury liability insurance protects you from liability under the law if you are sued for something you did or didn’t do to cause a personal injury to someone else. If you are an owner of a property or if you drive a car or operate a business, then you are exposed to a legal liability.

The basic purpose of buying personal injury liability insurance is to protect one’s self from claims arising out of some negligence that cause injury or damage to someone else. The insurance coverage pays money to the person who files a claim against you if you are legally responsible for causing injury or suffering to him. For example, if your dog bites the mailman or some guest is injured in your premises, you are protected against the lawsuit by the umbrella of insurance. The law in most parts of the United States has a mandatory requirement of a specific minimum amount of personal injury liability insurance for all property owners, car drivers, and businessmen. Failure to carry the minimum liability insurance can result in cancellation of the license privileges.

The state of Michigan requires all such people to purchase a minimum liability insurance coverage of $20,000 for one individual and $40,000 for more than one individual for bodily injury or death and $10,000 for property damage. Michigan law does not apply to slander or libel claims, intentional acts, diseases you pass on to others or claims by one household member against the other.

Thursday, November 8, 2007

Chicago Personal Injury Liability Insurance

There are many kinds of insurance policies existing in Chicago, but Chicago personal injury liability insurance is among the most accepted, since it costs less than other choices.

For instance, with respect to auto insurance policies, liability insurance charges cost much less than complete coverage. This is because complete coverage has to pay for one’s vehicle as well as some other vehicle concerned in a mishap, as well as property costs and medical expenses resulting injuries to the owner or a different party.

Chicago personal injury liability insurance only applies to the additional party's damages. An individual and his property are unshielded, but liability insurance shelters a person from being held accountable for the other party's losses. There are diverse categories of liability insurance, together with general liability, which operates to a great extent in the same manner as auto liability insurance, but includes businesses.

General liability shields a company from third-party damages due to personal injury. A whole company in Chicago should not be held responsible for the proclamations, proceedings, inability to act, or other errors that are the duties of an officer or director. Chicago personal injury liability insurance is also branded as worker's comp, and it is an obligatory type of liability insurance coverage that all businesses must have. While it seems like it is planned to defend the employee, which it performs to a certain level, it is really fortification for the employer in the event of personal injury, job-related illness, or other damages for which the worker might take legal action against the company.

The simplest explanation of Chicago personal injury liability insurance is that it safeguards an individual or organization from claims made by another party with relation to personal injuries suffered.

Monday, November 5, 2007

Goods In Transit Insurance And Public Liability - What Is It And Why Do You Need It?

Goods In Transit Insurance And Public Liability -- What Is It?

Liability Insurance stands by itself and protects your business from any dangers or risks your business could face in every day life. Liability insurance protects the third-party involve in a claim made against your company. If any claim goes to court, the damages are assessed and any compensation due to the third-party is paid. If any damage is done intentionally, your insurance company will not pay out damage costs.

Goods In Transit Insurance And Public Liability -- Why Do You Need It?

You need it to stay in business and it’s the law in Britain to have it. You can’t run a business with no risks; something always happens unexpectedly its life. Some claims can turn into millions of pounds in compensation; I don’t think you would like a bill like this propping up. If your company don’t have commercial liability insurance it could be fined heavily and it will be made to cover the costs of court claims and third-party compensation depending on the outcome of the court case.

The cost of commercial liability insurance is cheap compared to huge court cost and third-party claims made against your company or the company you work for. If you have an existing commercial insurance policy, you can ask for added cover to your policy so liability insurance is protecting you company. In any event liability insurance makes sure your business does not suffer from any financial ruin when a claim is made against it.

Saturday, November 3, 2007

Homeowners Liability Insurance - How to Get the Best Rate

Looking for homeowners liability insurance? Here's how to get the best rate.

Homeowners Insurance Coverage

Homeowners insurance provides four separate ares of coverage:

1. Structural coverage pays to repair or rebuild your home when its damaged by fire, vandalism, or acts of nature.

2. Personal property coverage pays to repair or replace your personal belongings when they're damaged or destroyed.

3. Additional living expenses coverage pays for your living expenses while your home is being repaired due to damage from fire or other insured disasters.

4. Liability insurance pays for damages to other people caused by you, your family members, or your pets.

Homeowners Liability Insurance Coverage

Liability insurance covers you against lawsuits for bodily injury or property damage when you, your family, or your pets are responsible. It pays for the other person's medical expenses, property damage expenses, and any legal fees you may incur.

You should purchase enough liability insurance to protect you assets in the event a lawsuit is filed against you. Most standard homeowners insurance policies provide $100,000 worth of liability coverage. However, due to the increasing number of personal liability lawsuits, its recommended that you purchase at least $250,000 to $500,000 worth of liability insurance coverage.

If you have property, investments, and savings that are worth more than the liability limits in your homeowners policy, you can purchase additional liability coverage in the form of an umbrella policy. This is a separate policy that pays after you use up the liability coverage in your homeowners policy. It also protects you against lawsuits not covered by your homeowners liability insurance such as libel, slander, and invasion of privacy.

Liability coverage is one of the most important types of insurance you can have. Without it, you could be sued and lose everything your own. With it, you're assets are protected. Take an inventory of all your assets and purchase enough liability to cover them.