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    • Who are we?
    • Property & Casualty
      • Private Client Services
      • Contractor Liability
      • Retail Industries
      • Commercial Autos & Trucks
      • High Risk Dwellings
      • Condo Associations
      • Flood Insurance
    • Life & Health
      • Life and health options
    • Real Estate Services
    • Employment
  • Who are we?
  • Property & Casualty
  • Life & Health
  • Real Estate Services
  • Employment

Choosing liability limits

How much liability coverage do I need?

Determining your financial liability exposure is very different from your financial property loss exposures.  The value of a home, building, car, ring, etc.  is finite and can be determined for insurance purposes.  The amount you could be held liable for from a law suit cannot be predetermined. Here are some important questions to ask yourself when choosing your liability limits:


  • What are your total assets at risk?  This is best discussed with your financial advisor
  • Do you have inexperienced drivers in your household?
  • Do you reside in or frequently visit areas that include high-income earners, high-profile individuals, celebrities, or individuals of considerable wealth?
  • Do you have other people's children in your car or visit school campuses regularly?


Here are some other risk factors to consider when choosing personal liability limits:

  • Teenage driver exposure
  • Drivers over age 75 (this is typically when rates go up)
  • Students attending college
  • Hosting house parties or charitable events
  • Attractive nuisances
  • Animals residing at home or visiting
  • Social media activity in your house
  • Vacant land
  • Director or officer positions on boards
  • Household employee exposure
  • Co-signed loans or leases


Business liability risk factors to consider:

  • Director or officer positions held
  • Self-employment
  • Defective craftmanship
  • Wrongful employee actions
  • Sexual harassment
  • Damage to the property of customers
  • Wrongful termination
  • Discrimination
  • Negligence
  • Reputational injury
  • Product liability
  • Customer liability
  • Employee injury



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