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.
Say your state imposes minimum liability insurance limits of 25/50/10. This means that policy would pay; 1  $25,000 for bodily injury for a single personâs injuries in an accident you cause. 2  $50,000 for bodily injury for all occupantsâ injuries in an accident you cause.  $10,000 for damage to the other driverâs property.