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Liability Insurance facts

While investigating facts about Liability Insurance Definition and Liability Insurance Coverage, I found out little known, but curios details like:

It was only after Mel Gibson personally underwrote Robert Downey Jr's liability insurance that his career took off again

how much is public liability insurance?

The traffic on the Arc de Triomphe roundabout in Paris is so chaotic, insurance companies will always split the liability of an accident 50/50.

What's liability insurance?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what liability insurance do i need. Here are 10 of the best facts about Liability Insurance Meaning and Liability Insurance Cost I managed to collect.

what liability insurance covers?

  1. State Farm refused to insure Florida homeowners for 5 years due to the high risk and only came back as a subsidiary in 2011 to limit liability on the company as a whole.

  2. In Germany they have a type of insurance called "haftflicht". This is essentially liability insurance that covers ,among other things, accidents your children may have with/to other's property while they are merely being children.

  3. US Insurance Companies offer "Active Shooter Liability" to schools, which pay up to $250,000 per victim

  4. In 2010, the entire police department of Maywood, California was shut down after being dropped from its liability insurance policy due to the excessive number of claims against its police officers.

  5. Doctors do not have to carry Medical Liability insurance in Michigan, much like Florida, they can perform major operations with little or no insurance

  6. In the Netherlands if you are licensed to perform first aid, you automatically receive a liability insurance for free.

  7. You do not have to pay for liability insurance on your vehicle if you; instead, deposit $35,000 cash with the California DMV

  8. US Insurance Companies offer "Active Shooter Liability" to schools, which pay up to $250,000 per victim

liability insurance facts
What liability insurance means?

This is our collection of basic interesting facts about Liability Insurance. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Liability Insurance so important!

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