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The rise of autonomous vehicles will force a reconfiguration of the $400 billion US auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about liability remain, according to Goldman Sachs. “Autonomy has the potential …
New Legislation Means Many California Drivers Will Need More Coverage in 2025 Now that 2025 is here, many California drivers will face another significant autoinsurance rate increase. This latest change could disproportionately affect communities where insurance costs already strain household budgets.
TGS Insurance Blog Understanding the New North Carolina Minimum AutoInsurance Requirements Effective January 1, 2025 Starting January 1, 2025, North Carolina will implement new minimum autoinsurance requirements, marking a significant update to the state’s financial responsibility laws.
The answer is your autoinsurance. Paragon Independent Insurance Agency can help you buy a policy to protect yourself, passengers, and your vehicle. Find the Right Coverage Texas requires motorists to have minimum liabilityinsurance, but that will only pay for damage you cause to other vehicles in an at-fault accident.
Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. Commercial LiabilityInsurance to protect against claims related to third-party injuries or property damage. This coverage is required in most states.
So, how do you determine which commercial insurance products will best protect your business? Commercial autoinsurance is essential if your company owns or operates vehicles—whether for deliveries, client visits, or transporting goods. Let’s break it down.
Car insurance claims are important because they help you feel more confident when unexpected and costly problems arise with your car. Immediate Costs of an AutoInsurance Claim When you have to deal with an autoinsurance claim, it can be surprising how quickly the bills add up.
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How Much Is Aircraft Mechanic LiabilityInsurance? Drone Insurance Drone Insurance Quotes Pilot Insurance Pilot Insurance Quotes How Much Is Student Pilot Insurance? How Much Is Senior Pilot Insurance? What Is The Cheapest Homeowners Insurance Company In Arkansas?
Here are the top 6 insurance policies every IT business in California should have to safeguard their operations. Professional LiabilityInsurance (Errors & Omissions Insurance) For IT consultants, developers, or tech startups, mistakes can happen. One oversight could lead to costly lawsuits.
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Additional Coverage Beyond Current Policies The primary reason to consider commercial umbrella insurance is when your business requires protection beyond the limits of your existing liability policies.
SAVANNAH, Ga. (AP) AP) — A judge has thrown out a lawsuit by a Georgia gun owner who sought to challenge a Savannah city ordinance that imposes fines and potential jail time for people who leave firearms inside unlocked cars. The …
On the other hand, an older vehicle that’s mostly used for quick errands may only need liabilityinsurance. Talk with your insurance representative to find the right coverage balance based on each car’s purpose and value.
Sponsored Post: The past several years in the AutoInsurance Industry have been nothing short of disruptive. The insurance landscape is not yet stable, another industry-disrupting event is coming.
ATLANTA (AP) Georgia senators voted 33-21 on Friday to support Gov. Brian Kemp’s top-priority legislation to limit lawsuits, but not before some of Kemp’s fellow Republicans extracted a concession in exchange for the votes necessary to secure a majority.
For example, businesses in California’s earthquake-prone areas may consider adding earthquake insurance to their policy to protect their property from potential damage. Companies that rely heavily on technology and data storage may also benefit from cyber liabilityinsurance to safeguard against data breaches and cyberattacks.
For example, if you already provide general liabilityinsurance to a construction company, adding surety bonds to your product mix is a logical next step. The same client who needs insurance to protect their business will likely need surety bonds to maintain their licenses and to secure their contracts.
Another possibility is an uptick in participation in California’s Low-Cost AutoInsurance Program. This state-sponsored initiative offers affordable liabilityinsurance to low-income drivers and may become even more attractive as premiums increase. He can be contacted at 310-299-5500 or mrobinson@mrllp.com.
The following is an overview of the costs behind each coverage type and some of the factors that go into the cost of hotel insurance. General Liability The premium for general liabilityinsurance (GL) is driven by several factors, including class code, size (revenue or number of rooms), number of stories, amenities offered, and loss history.
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Optional Enhancements for Ohio Landlords Brokers can customize policies with optional add-ons that provide extra protection: Flood insurance: Critical for properties near rivers or flood-prone areas. Hired and non-owned autoinsurance: Covers vehicles used for property management.
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