Liability Insurance For Companies

Posted by admin on September 13, 2013
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Companies need insurance more than individuals because they have a much higher risk of being sued. If you’re a businessman, you should get proper insurance policies before you even start providing your services or selling your products.

There are three basic types of liability insurance for companies. The first one is public liability insurance. You need it to protect yourself against personal injury claims. For instance, if you own a restaurant and someone breaks his leg because of slippery floor, he can sue you for damages. Public liability insurance policy will cover your costs. Public liability insurance is very important for all businesses that deal with many customers and own properties in high traffic areas, e.g. shopping malls.

The second type of liability insurance is professional indemnity insurance, also known as errors and omissions insurance. This type of insurance will protect you against negligence claims. If you make a mistake when providing professional advice (e.g. you’re a consultant, broker, adviser, etc.) or skillful services (e.g. you’re an architect, physician, engineer, software developer, etc.) you can be sued for lost income, business interruption, etc. Such cases can be very costly, and that’s why professional indemnity insurance is mandatory for all companies who provide such services.

The third type of liability insurance many companies need is product liability insurance. If your product causes an injury because of a manufacturing, design or marketing defect, you can be sued for compensation. Besides for making sure that your product is safe and comes with information regarding all non-obvious risks you should get product liability insurance that will protect you against such cases. Please keep in mind that product liability insurance is for all companies who either manufacture, wholesale, distribute or sell products, not only manufacturers.

Learn more about general liability insurance by watching the following video:

Personal Liability Insurance

Posted by admin on September 10, 2013
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Personal liability insurance will protect you in case someone sues you personally for personal injuries to injuries to the property. Personal liability insurance is very different from life insurance – it only protects you in case someone sues you. If your pet attacks your neighbor and he decides to sue you for personal injuries, your insurer will cover all your legal costs (defending costs + eventual compensation).

There are two types of personal liability insurance you should get – basic homeowners’ policy that will cover all basic cases and umbrella policy that pays only after you exceeded the basic coverage. Umbrella policy is very cheap (because there’s a low risk it will be used) so there’s really no reason not to buy it. Moreover, umbrella policy covers you in case of more obscure cases such as slander or libel.

Please keep in mind that personal liability insurance doesn’t cover business liabilities – you need business insurance for such claims (we will write more about this topic in our next blog post). It also doesn’t cover damage intentionally caused by the insured so if you attack your neighbor and break his leg, your insurer won’t cover the costs of the case.

The annual premium for an umbrella policy is about $500 for every $1 million of coverage. It makes a lot of sense to get such insurance if you’re exposed to greater risk. When looking for personal liability insurance, shop around. Visit several websites of insurance companies and ask for quotes. You can also look for online insurance brokers that will look for the best deal for you. They won’t charge anything for their services (they get paid by commissions) so instead of wasting your precious time looking for insurance ask for quotes at websites of online insurance brokers. It’s better to be safe than sorry – get personal liability insurance today!


Legal Tips Everyone Should Know (2/2)

Posted by admin on September 07, 2013
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Today we will share with you some additional useful legal tips that will come in handy in many everyday situations.

1. Know your lawyer

Before you hire a lawyer, you should ask him some basic questions regarding his experience, style (is he aggressive or open to settlements?), insurance (does he have errors and omissions insurance?), etc. You should research your lawyer before you decide to hire him, especially if you’re looking for a personal injury lawyer. Make sure that he has enough experience to handle your case and that he will handle your case on his own (some lawyers use less experienced lawyers to handle their cases for them).

2. If you have a complicated case, get help of a law firm

Complicated cases usually require extensive legal knowledge. In such cases it’s a good idea to look for a large law firm with numerous lawyers specializing in different types of the law. However, you should still make sure that you’ll be able to talk personally with the lawyer responsible for your case.

3. Educate yourself

Law isn’t a fun topic, yet it’s very necessary to have at least basic understanding of most common law issues. Educating yourself will only help you in case you have any legal issues. Some basic legal issues (such as starting a company) are so basic that you don’t need a lawyer to help you. Use the Internet to get the most basic knowledge and do it by yourself – you’ll save money and learn something new.

4. Avoid lawsuits at all costs

If you can avoid a lawsuit, do it. If your pet attacked your neighbor, talk with him personally and offer a fair settlement. Lawsuits are very costly, time-consuming and stressful. An average lawsuit can take up to several years to settle. It isn’t worth it – offer a fair settlement and forget about it.

Legal Tips Everyone Should Know (1/2)

Posted by admin on September 04, 2013
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Everyone will sooner or later face a legal issue in his or her life. It’s good to know several basic legal tips that will help you in such circumstances.

1. Make a will

It’s one of the most important things you should do for your family as for legal issues. Decide who will inherit from you and name a guardian for your children. If you don’t take care of your will while you’re alive, it will make things harder for your family when you’re gone.

2. Sign a prenuptial agreement

While you may think that you’ll never need it, it’s still a good idea to sign it. It will help you in case of a divorce or death of your spouse. Consult everything with your attorney and don’t hide anything. Have an honest conversation with your soon-to-be spouse about signing a prenuptial agreement.

3. Get insurance

You should get health insurance and life insurance, especially if you’re the sole caretaker of the family. If you own a company, make sure to get public liability insurance, product liability insurance, professional indemnity insurance and any other types of insurance your company needs. Insurance will protect you against claims and save you from bankruptcy in case you’re ordered to pay high compensation.

4. Consult a lawyer if you have any problems

Never ever try to solve your legal problems on your own, especially if you have no idea what you’re doing. It applies to all legal problems, including personal injury claims (insurance company of the defendant is never your friend), divorce, business lawsuits, etc. Seek professional help – call your local bar association to help you find a lawyer or simply ask for referrals your friends and family (using Google to find a lawyer should be your last choice).

Check the video below to discover some useful legal tips for individuals:

Personal Injury Law – FAQ (2/2)

Posted by admin on September 01, 2013
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It’s time for part 2 of our personal injury law FAQ. Today we will answer some other common questions about personal injury claims.

1. What should I do if I was offered a settlement shortly after my accident?

Never ever ever agree to a settlement shortly after your accident when the severity of your injuries isn’t known yet. Moreover, you should never sign a release without talking with a lawyer first. Insurance companies have an interest in solving personal injury claims as fast as possible in the most economical way possible so beware of their offers – don’t expect a fair settlement from a company that offers you a settlement shortly after your accident.

2. Do all personal injury claims go to trial?

No, it’s actually the opposite. Most personal injury claims are settled with the insurance company of the party at fault. This means that in many cases you won’t even have to go to court. Settlement is better for both parties because it helps avoid the costs and delays of a stressful trial.

3. How soon should I bring my claim?

There’s a time limitation for personal injury claims and it depends on the state in which you live. It’s best to file a suit as soon as possible to make sure that you don’t lose your legal rights to pursue a claim.

4. Do I have to see a doctor?

Yes, you should always see a doctor, even if you think that all your injuries are bruises and small cuts. Without proper medical documentation you may not be able to seek compensation. Please keep in mind that some injuries don’t appear immediately – you may start feeling them after a couple of weeks. If you go see a doctor a few weeks after the accident, the insurance company will simply tell you that you suffered these injuries after the accident.

Personal Injury Law – FAQ (1/2)

Posted by admin on August 29, 2013
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In the next two blog posts we’re going to answer some of the most frequently asked questions about personal injury law. Without further ado, check our some of the most common questions about personal injury law along with our answers.

1. Do I have a personal injury claim?

It’s easy to find out if you have a personal injury claim. Just answer these three questions below:

  • is my injury a direct result of the incident?
  • does someone else’s negligence or intentional action caused the incident?
  • did I have to cover medical expenses and/or lost income because of the injury?

If you answered “yes” to these three questions, you have a personal injury claim.

2. Why do I need to hire a personal injury lawyer?

A personal injury lawyer will ensure that you receive a fair settlement for your injuries. Personal injury lawyers handle such cases on a daily basis and they know how much your case is worth. They will help you get compensation you deserve for your injuries – no matter if you settle with the insurance company or go the trial route.

3. How long does it take to settle a typical personal injury claim?

It all depends on the severity of your injuries. If you need a long treatment for your injuries, your case will take much longer to settle. You need to have enough information about your injuries before you can aggressively pursue your claim.

4. How much does a personal injury lawyer cost?

Most personal injury lawyers won’t charge their customers anything unless they win the case. If there is no recovery, there’s no fee for the attorney. Additionally, personal injury lawyers offer free consultations – they will review your case and you’ll be able to decide whether you want them to handle your case or find someone else to help you.

Dealing With Insurance Companies 101

Posted by admin on August 26, 2013
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While the video below is a little bit exaggerated, many insurance companies are indeed very dishonest and may use many tricks to avoid paying you compensation. If you don’t know how to deal with insurance companies, you’ll have a very hard time pursuing your claim.

In this post you’ll find some of the most useful tips on how to deal with insurance companies. Follow our tips to avoid making the most common mistakes when dealing with insurance companies:

1. Don’t agree to a recorded statement

Insurance companies can use it against you later at court. If they ask you for a recorded statement right after the accident when you have no idea who was guilty, what are your injuries, etc. you may be accused of lying or exaggerating when you find out that your guesses weren’t that accurate (e.g. you told them that you think the other driver was going 60 mph when he was going only 30 mph).

2. Don’t agree to a settlement without a lawyer

Insurance companies want to deal with insurance claims as soon as possible at the lowest cost possible. They will probably offer you a compensation very soon after the accident, and it will probably be much lower than a fair compensation you should receive for your injuries. That’s why you should never agree to a settlement without a lawyer who will be able to give you advice whether it’s a good idea to accept the compensation.

3. Beware what you say

When talking with the insurance company or the person responsible for your injury you should beware what you say. Everything that you say can be later used as a confession or admission. That’s why the most important thing to do after the accident (right after visiting your doctor and notifying the proper authorities) is to seek professional legal help.


Learn more about personal injury in Chicago

How Much Is Your Personal Injury Claim Worth?

Posted by admin on August 23, 2013
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How much is my personal injury claim worth?” is a question that’s very popular all over law websites. The truth is that you’ll never know how much money you can receive until you win the case. You can only browse through past cases that were similar to yours to find out how much money was awarded to the plaintiffs in these cases and use these numbers as a rough estimate.

There are many things that estimate how much your personal injury claim is worth. Your lawyer will be able to estimate your claim’s worth once he reviews your case. Generally speaking, there are three things that influence the worth of your personal injury claim the most:

1. Severity of your injuries

The more severe your injuries are, the higher the compensation. If you suffered a very severe injury that will have permanent effects you’ll get a much higher compensation. You’ll get compensation for all your injuries, even minor ones, so make sure to tell your doctor about all injuries right after the accident. Aching back may not be a big thing right after the accident in which you broke your legs, but it can become very painful after a month or two.

2. Age and gender

Younger victims receive higher compensation, especially if they suffered long-term or permanent injuries. Females will usually get higher compensation in case they suffered an injury to the skin and have scars, especially in visible areas such as face, arms and legs.

3. Other personal attributes

There are many other factors that influence how much your case worth, and they include other personal attributes and psychological injuries (time it took you to recover from the injury, emotional distress, etc.). If you were a promising basketball player and you will no longer be able to play professionally because of an injury you’ll get a much higher compensation.

Most Basic Facts About Personal Injury (2/2)

Posted by admin on August 20, 2013
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In second part of our introduction to personal injury law we want to share with you some additional tips that will help you pursue your claim.

First and foremost, you should always seek medical help first (even if you only suffered minor injuries). Post-accident shock may leave you less sensitive to your injuries. Insurance companies can use it against you if you don’t visit your doctor immediately after the accident (they’ll simply say that your injuries weren’t serious enough if you decided not to visit the doctor).

Secondly, record everything. You should write down all details right after the accident when your memory is still fresh (but visit your doctor first). You should also collect all medical bills and medical documentation. Photograph all your wounds and other injuries – it will all serve as a proof of your injuries.

Thirdly, you should never agree to a recorded statement to your insurance company. You’re under no obligation to talk with them without your lawyer. Find a personal injury lawyer first and only then start talking with your insurance company. If you start negotiating with your insurance company on your own, they can use everything you say against you. Your lawyer will protect you against such risks by negotiating himself. Professional injury lawyers have much more experience dealing with insurance companies – let them do their work.

Last but not least, never ever agree for a settlement before you’re fully recovered from your injuries. You never know the severity of your injuries until you’re fully recovered. The person who’s responsible for your injuries should cover all your costs – not only all past medical bills but also all future bills. You will know these numbers once you’re fully recovered and your doctor will be able to estimate how much it cost you to treat all your injuries.

Most Basic Facts About Personal Injury (1/2)

Posted by admin on August 17, 2013
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Most Basic Facts About Personal Injury (1/2)

Welcome to our blog. We will write here about personal injury claims, personal injury law in general and other related legal topics.

In our first blog post (and our second one as well) we will share with you some of the most basic facts about personal injury.

What should you know about personal injury? First and foremost, you should understand what personal injury is and when you can pursue your claim.

Personal injury is an injury that you suffered because of someone else’s negligence (car accident, medical malpractice) or because of someone else’s intentional action (e.g. in an assault). If you know who’s guilty, you can sue him for damages (compensation for your medical bills, pain and suffering, lost income, etc.).

There are many different types of personal injury claims. Some of the most common ones are as follows:

  • car accidents and road traffic accidents in general (including injuries as a pedestrian)
  • medical malpractice
  • workplace injuries (covered by workers’ compensation insurance)
  • slip-and-fall injuries
  • fatal accidents
  • defamation, libel (you don’t necessarily have to suffer a physical injury to file a personal injury claim)

If you want to pursue a claim, you need to hire a personal injury lawyer to help you settle with the insurance company or in case the case goes to court, represent your interests in court. Personal injury lawyers offer free consultations and don’t charge you unless the case is successful. The amount of fee they take in exchange for their services varies a lot, but it’s usually around 30% of damages awarded to you. While you may think that it’s a lot of money, you should keep in mind that you probably wouldn’t be able to receive such high damages on your own (or you won’t receive them at all – insurance companies know many tricks to make you give up your rights to file a personal injury lawsuit).