Why is the financial strength rating of an insurance company important?

What auto insurance coverage is required in SC? Answer: Drivers are required to carry liability and uninsured motorist coverage with the following limits ... It's illegal to drive a car in Washington without having liability insurance or another way to assume financial responsibility for damages. General Liability insurance can help cover a wide range of risks for your small business · Slip-and-fall injuries · Property damage · Legal fees & defense costs. Nov 25, 2024 ... ... Liability and cargo insurance forms must be submitted directly by the home office of the insurance company furnishing the coverage. The ... Bodily injury liability · Property damage liability · Uninsured and underinsured motorist coverage · Personal injury protection (PIP) · Collision · Comprehensive. Nonelection of Workers' Comp or Liability Coverage. A nonelection of coverage election means that an individual or entity chooses not to have workers' ... To register a vehicle in New York State you must have New York State issued automobile liability insurance coverage. Jun 21, 2022 ... What Is Liability Insurance? Liability insurance is an insurance product that provides protection against claims resulting from injuries and ... Employed veterinarians must carry individual professional liability insurance for protection. The employer as part of a benefits package may pay for coverage ... All motor vehicle owners in Kentucky must carry minimum liability coverage. This means liability coverage of $25,000.00 for all claims for bodily injury ...