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Can an LLC be an additional insured? The Trust or LLC as Additional Insured. Some insurance companies are willing to list the individuals (beneficial owners who occupy the home) as the Named Insureds, and the trust or LLC as an “”Additional Insured”” or “”Additional Interest.”” This eliminates the need for two separate policies. Read more … Read more
What’s the maximum fine for driving without insurance? What is the maximum fine for driving without insurance? There is no maximum fine for driving without insurance, because the fine can be unlimited. Read more on www.comparethemarket.com In almost all states in the US, driving without insurance is a serious violation. To shield themselves and other … Read more
Does your car insurance and registration have to be under the same name in PA? In most cases, two or more names are allowed on a vehicle’s registration. This will likely be the most convenient alternative to insuring a car that isn’t in your name. You can ask the vehicle owner to add your name … Read more
Can an LLC own life insurance? Avoids Numerous Policies: Typically, a cross-purchase buy-sell agreement requires each business owner to own a policy on the life of each other business owner. However, by using an LLC to own the buy-sell insurance, the LLC owns all the policies, so only one policy per shareholder is needed. Read … Read more
Is Maryland a no fault state for car insurance? Maryland is an at-fault state for car accidents. That means that drivers are allowed to sue another driver for compensation after a crash. For example, Personal Injury Protection (PIP) coverage is must be offered by insurance companies in Maryland. Read more on www.trollingerlaw.com In Maryland, regardless … Read more
How does insurance law apply to operation of hotels? Hotel Business Insurance Provides Liability Coverage. General liability: This will protect your business from injuries or property damage sustained by guests while on your hotel’s property. Workers compensation: If an employee’s injured on the job, your business is required to cover any resulting medical expenses. Read … Read more