9 people found this helpful. The commercialization process allowed us all to see that our thousands of man hours had not been spent in vain, and our product would soon be available to the people we created it for. 4 people found this helpful.
But with liability law suits on the rise and attorneys seeking larger awards, the risk is very real. Most home insurance policies cover only liability claims up to $300,000 for personal liability and most automobile policies provide up to $250,000 per person and $500,000 per accident for bodily injury. Amounts for claims covered by property damage are lower, typically around $100,000.
While Massachusetts' minimum requirement of $20,000 per person ($40,000 per accident) bodily injury liability coverage is about average, its $5,000 limit for property damage liability is very low and could easily be surpassed in even a minor accident.assachusetts Car Insurance Laws. No-fault state: Massachusetts is a no-fault state, so no matter who causes an accident, you turn first to your own personal injury protection (PIP) coverage. Minimum limits are $8,000 and cover items such as medical expenses, replacement services and 75% of lost wages.