Q&A: What is the cost of general liability insurance for a small sole proprietorship?

Rachel Asked:
What is the cost of general liability insurance for a small sole proprietorship?

I am doing a project for a business proposal and I just need a ball park figure for what would the cost of general liability insurance. The business I am currently working as an interior designer from a home office with no employees.

Best answer:

Answer by car253
It depends on what say your in. And, different companies have different rates.

In Ca around $ 250-$ 500.

What do you think? Answer below!

how much time can I stall before paying off a judgement debt?

Question by valsheme@sbcglobal.net: how much time can I stall before paying off a judgement debt?
the court ordered me to pay someone for a debt. When do I need to begin making payments. What is the lowest I can pay without further recourse???

Best answer:

Answer by wad963
Well it depends on your say but in general it is the mortal who sued you that must enforce the judgement. If you do not want your consequence garnished or a lien on your property you should pay. Otherwise you can sit and move for them to take action.

Give your answer to this question below!

Q&A: What does personal liability cover for a homeowners insurance policy?

Happy Asked:
What does individualized liability cover for a homeowners insurance policy?

I am independent (nursery) and have 4 employees and I have a lot of customers. I get the homeowner policy, but I wonder if I should get 300K or 500K individualized liability insurance. Is this cover for me when my clients or someone tries to sue me? For example, I heard when my child was in the park, and if something happened, and he injured someone should cover individualized liability, there. So it would be for my business if someone sues me? Someone suggested an umbrella policy, but what is it and what does it cover? How much would it cost? Because I am not much on income from my two mortgage payments and other expenses (including advertising costs). Thanks in advance.

Best answer:

Answer by ernesto_tig
Your HO insurer will cover individualized liability issues and lawsuits resulting from your ownership of a home. Business related activities are specifically excluded (some policies have an endorsement for incidental business use IE a customer drops off a check at your house). Your kid at the park should be covered (varies by say and policy..civil law stuff)

If you have a business with four employees, you should have a business GL(general liability) policy that covers a gardening business. This will defend you if your customers sue you for something you or your employees did related to gardening.

Umbrella policies vary by company; some are extensions of existing underlying coverage, others offer coverage beyond your HO and auto insurance; either way they will not cover your business.

My recommendation: get a business GL policy to cover your business and take the 500K limit on your HO policy. Later when money is not so tight, get a personnal umbrella.

Add your own answer in the comments!

Which Debts Are Not Dischargeable Under Bankruptcy

A  key reason in filing for bankruptcy is to discharge your debts. When you file for bankruptcy certain debts are dischargeable and certain ones are not. The ones that are dischargeable means that you are free and clear from having to meet your obligations for them. Examples of debts that are usually not dischargeable are as follows:

If you have a substantial dollar amount of misdemeanor fines, these debts will usually not be discharged during a bankruptcy. People convicted of a misdemeanor are usually given a fine, a sentence in the local or county jail, or both. Examples of misdemeanor fines are traffic citations. So, if you have accumulated fines of 0, for instance, those fines are not dischargeable.

But what if you were to pay your 0 bill with a credit card or a cash advance from a card. If you were to do this and then file for bankruptcy, the credit card bill might very well be a dischargeable debt, depending on when you pay the fine. This illustrates the practical real life effects of bankruptcy on how you pay your debts.

If you have been fined for a Felony, in most cases those fines will not be eligible to be discharged – the same as misdemeanors. The difference in the two are the type of slammer that you will be sent to if you are force to serve slammer time. Under felony rules, you will be sent to a federal or say prison. Under misdemeanor rules, you will be sent to a country or local prison.

Property taxes are in a category of their own. Dependent on the circumstances, in some cases these debts will actually be discharged. This is usually the case where the taxes are more than a year old from the time you filed for bankruptcy. In practice, however, even where the property taxes are discharged, the effect on you is meaningless.

The reason for this is that you will continue to have a tax lien on your property. This means that the property won’t be healthy to be sold or transferred before somebody pays the taxes. In other words, as far at the taxes on your property are concerned, you are pretty much in the same place as you would be if you had never filed for bankruptcy.

Most people with large income tax debts don’t bother with bankruptcy because they believe that these debts aren’t dischargeable. And, mostly, that is true. But it really depends on the circumstances. For example, if the debt is old enough and certain other stipulation are met, you will be healthy to discharge your debt. But if the debt is more recent, you might not be healthy to.

Not only that, but contingent on the say in which you are making the bankruptcy filing, you might discover that the say taxes might or might not be dischargeable. In a bankruptcy where tax debts are involved, it is usually ideal to speak to a tax attorney and / or accountant.  One instance, however, in which they are never dischargeable is where you are involved in income tax fraud.

What debts under bankruptcy endorsement Dischargeable

Is anyone familiar with “payday loans”? If so, are these known to be scams or is it legitimate?

babydoll86 Asked:
Is anyone familiar with “payday loans”? If so, are these known to be scams or is it legitimate?

I see these payday loan websites pop up on my personal and find it in my inbox. I was wondering if these are all websites cheat, or are these legitimate loan quotes you can use if you have problems paying with your job? I would like to know information about these types of sites.

Best answer:

Answer by Judy
I hope you are aware how much trouble pay day loans can cause.
Our say passed a law that pay day loans places can not charge more than 430% interest.
The places have been closing down quickly.
I guess that’s not enough profit for them.
Be careful – ask anyone that has done one – they will only get you in deeper trouble.
/

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Can Car Insurance Be Affected By Your Bad Credit History?

If you have bad credit you can be denied automobile insurance! The protections afforded to the consumer since the Depression of 1929 no longer exist. The Financial Laws passed through Congress in 1992 granted banks, insurance companies, investment firms to handle banking, insurance and investment operations. Laws passed after 1929 had prevented banks from insurance and direct stock exchange trading, likewise insurance companies could not oppose banking operations or stock exchange nor could stock exchange companies oppose insurance or banking operations.

This freedom was granted without the subsequent protections of the consumer included in these new laws. There currently exists no single body of consumer law covering the privacy of consumers. The private citizen must fight the triumvirate of bank,insurance and stock exchange through the court system for his own right to privacy.

Some says have granted the use of individual credit to be a determining bourgeois in the issuance of automobile insurance. However, two such states, Texas and Michigan have institutionalized say agencies to meticulously govern and manage those insurance bodies. These says have a socialized automobile security plan where individuals having bad credit or low income jobs can obtain economical coverage or liability automobile insurance.

True, apiece has rather strict guidelines by which a motorist can remember for low cost insurance. However, this is a two edged sword! The performance characteristics of apiece insurance bureau and company are meticulously maintained. These involve the speed with which legitimate claims are processed by the insurance company, customer satisfaction (both client and claimant), conformity to say and federal laws. A performance index is issued for apiece firm and their respective insurance costs are compared with both a say and federal cost per coverage. The say has created its own actuarial data base to evaluate insurance coverage. The motorist can freely view these to determine the ideal coverage for his situation. The consumer is given power that the insurance vendor can appreciate and respect.

This fact might give some satisfaction to the average motorist but some of us still want to know how good or bad credit make a motorist a good risk or a bad one. Perhaps it is an honesty issue! If I have good credit then I will always obey the rules of the road and none of life’s bad things will touch me. Does good credit mean that you can refrain being hit by a drunken driver, refrain having your automobile pushed off the highway into the nearby lake or have hail storms miss you? I can comprehend where the honesty of making constant insurance payments would be reflected in your credit but how does it establish insurance rates?

Reviewing the Report to the 79th Say of Texas Legislature, 2004 I discovered that insurance was not denied because of a bad credit score but that it could be a higher premium because of poor credit. Statistics showed that people in the 30 year age group has the worst credit and the greatest automobile restitution reported. My conclusion would not be that bad credit makes you careless. Rather my summation is that youth and proneness to erratic behavior was the cause. The point here is that there is no direct causal relationship but at the strongest an inferential connection.

Can automobile insurance through your Bad Credit history be affected?

Related Liability Automobile Insurance Articles

Basic Coverage in Car Insurance Policies

Automobile insurance, this is relatively known to be the motorists’ and cars’ endorsement to damages. You can minimize the payments on the moment of happening and also covers the restitution it did. It is advantageous rather paying a lot of money on your own and sued. For some who does not know, you have the full dominance on which package you desire (which is dependent to your payments) in case of an accident. However, the law limits it to its minimum coverage.

Liability

Liability coverage is one of the stipulations for vehicle insurance policies. The amount necessary varies from say to say but it is good to have more than just the minimum as this can help a lot in the event of accidents.

The liability coverage is divided into 2 sections: property alteration and bodily injury.

Property alteration covers the amount for repairing the alteration done on other people’s property. This might include their motorcycle, automobile, bicycle or houses. Bodily injury on the other hand covers the medical expenses and the potential loss of consequence in the event of road accidents. If your liability coverage is too low, then it might not be enough to sustain and pay your medical bills and you will have the responsibility to pay the remainders. This is one major reason why higher liability coverage is superior than the lower.

Comprehensive and Collision

This liability coverage covers the amount that is spent on repairing the restitution to your vehicle in the event of an happening that you are held responsible. The amount of premium depends on the level of collision coverage and your chosen deductible amount in case of accidents.

Comprehensive insurance will cover any alteration that the vehicle sustained that was not a result of an accident. It includes theft, vandalism, alteration from fire and natural disasters.

Personal Injury Protection

This covers the medical treatments and funeral costs for you and for others who are involved in the accidents like the passengers in the vehicle and pedestrians.  However, this coverage is not required to all states.

These are just some of the basic coverage for vehicle insurances. Remember, always check for your state’s stipulation and be sure your auto insurance policy has it.

Basic insurance in vehicle insurance

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Basics on Buying the Best Car Insurance For Yourself

Car insurance is of utmost importance. Here, choosing between various auto insurance quotes might be a daunting and costly process. Therefore, it is important for you to know about all the necessary information pertaining to auto insurance.

Things to Know: Why is automobile insurance important?

It is essential to have automotive insurance, as you can't predict the future. For instance, your automobile might meet with an happening anytime and anywhere. If you have auto insurance, then you do not have to worry about the repair costs, as the insurance company will pay for the expenses.   It might also be mandatory for you to have a liability automobile insurance.  It serves as a financial proof to ensure that you can pay if you cause any kind of alteration to other person’s vehicle.  

Whether to buy insurance before or after buying a new car?

This depends on various factors. If you are buying a automobile for the first time, you will need to insure the automobile before it hits the road.   If you already have a automobile insurance and you just want to replace your vehicle, then you need to notify your auto insurance bourgeois about the same, so that they adjust your insurance rate based on the new vehicle.    If you own a automobile and want to buy a new one, then you will have to inform your auto insurance provider, because rules might vary. For instance, some automobile insurance providers might wage automatic coverage for the additional automobile while some might not. However, you need to inform your automobile insurance company about your new automobile within 30 days of purchase.

How to lower auto insurance rates?

Firstly, you need to compare the auto insurance quotes offered by different insurance companies and select the one that ideal suits our budget. Ensure that you get the ideal deal. You can also ask your insurance bourgeois about how much your auto insurance rates will fluctuate based on the vehicle.

You might also think about increasing your deductibles if you can pay a considerable amount of money from your pocket in case of an accident. For older cars, you might think about reducing the collision or comprehensive coverage if you think that the repair costs might exceed the original value of the car.

However, it is always a wise to refrain lowering your liability limits to your state’s minimum limits, as you might then grappling financial risks. Now that you have found answers for some of the most frequently asked questions, differentiating and choosing from different auto insurance quotes will be an easier task for you.

Insurance companies offer you with valuable services. However, that does not imply that you have to pay exorbitant amount to your insurance provider. So, be careful while buying automobile insurance and ensure that you get the ideal doable deal. You can also get your insurance online. By getting a automobile insurance online, you will save a considerable amount of both time as well as money.

Basic information on buying the ideal auto insurance for themselves

More Liability Automobile Insurance Articles

I have a credit card judgement my wife ownes the house can the credit card company touch the house?

Question by richard c:
I have a credit card ruling my wife ownes the house, the credit card company can touch the house?

I always had excellant credit and an excellant business I was involved in a bad happening that caused permanent injuries. As a result all my bills became deliquent and my wife didnt acquire enough to take over all the responsibilties. Now I am getting judgements against me. We had no shared credit accounts and I have nothing in my name. I want to pay my bills but it is out of the question right now.Can they touch the home that isnt in my name?

Best answer:

Answer by lovesnowy
It depends on what say you live in but usually yes if there is equity in the home. If your debts are in the 10s of thousands and your home has at least that much equity, I would take out a loan against your house. If your home does not have enough equity to cover your debt, I would think about bankruptcy. It is evenhandedly simple to file and a good lawyer can help you keep your home in the process.

Give your answer to this question below!

The Questions Every Driver Asks About Their Car Insurance

Questions, questions, questions. Always questions, never answers. That’s how it can feel when you’re trying to wade through the endless muck of your automobile insurance policy to find out the terms of your coverage. For example, how much coverage do you have if you’re in an accident? Where do you really want your deductible? And do you really need all those bonus features they decided to toss in?

Here’s a look at the most frequently asked questions in the car insurance industry and the answers your insurance company should have given you in the first place.

1)      How much insurance do I really need? I think each automobile insurance shopper asks this question at one point or another. On the one hand, the last thing you want to do is get caught driving underinsured (or worse, uninsured). On the other hand, you don’t want to pay a small fortune for coverage you don’t even need.

Every state has its own set of policies when it comes to liability automobile insurance, and it would pay to find out the rules in your state. Just barely enough usually isn’t enough, however. Experts advocate you carry a minimum of 0,000 to 0,000 in bodily alteration liability and 0,000 in property alteration liability, just in case. Emergency rooms are getting more costly by the day! 

2)      Do I want comprehensive and collision?

If you’ve got a lien on your automobile you’re not going to have any choice when it comes to your comprehensive and collision automobile insurance coverage. If you own your automobile free and clear, however, it’s going to be entirely up to you. Have comprehensive and collision coverage is never a bad thing. That way if you’re in an happening you aren’t left high and dry when your automobile gets totaled until you can come up with the money for another one. On the other hand, it costs money. With hundreds of drivers hitting the streets with no automobile insurance coverage whatsoever because they can no longer afford their premiums it’s understandable that you’d be looking for a way to cut back on your costs.

A good rule of thumb is, if you’ve got enough in your bank statement to at least make a downpayment on a new automobile and your old one is worth less than ,000, you might be healthy to live without it. Otherwise, sign on the bottom line and enjoy knowing you’re backed by the ideal automobile insurance endorsement in the biz.

3)      How high should my deductibles be?

This is the million dollar question. Your deductibles are going to have a large effect on your car insurance rates, so it pays (literally) to make sure you’ve made the right choice. The higher your deductibles, the lower your insurance rates; however, keep in mind that you’re going to be expected to come up with this money on a moment’s notice, without any forewarning whatsoever. Don’t set your deductibles any higher than what you can reasonably anticipate to be healthy to get your hands on.

4)      Do I really need all these extras?

Car insurance companies are all about adding value to their policies, so it should come as no surprise to find out there are tons of tiny “extras” you can add to your coverage. Nine times out of ten, however, you don’t really need them-and you can find them cheaper someplace else. Don’t be afraid to just state no.

The Questions Each Driver Asks About Their Automobile Insurance

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