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.
1 According to them, the cost of a personal liability umbrella policy is inexpensive and you can actually get one which can cost anywhere from $150 to $300 annually. The price of an umbrella policy will usually depend on the insurance company that provides it. 2  They will discuss with you what will be covered and then will give you a quote on how much the monthly premium will cost.