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.
Indiana's bodily injury liability requirements of $25,000 per person and $50,000 per accident are on par with many other states, but the property damage liability coverage of only $10,000 is pretty low if you want to protect your savings and other assets from lawsuits.ort system: Indiana is not a no-fault insurance state. Indiana is a tort state. When an accident occurs, someone must be found to be at fault, and that person and their car insurance company are responsible for the damages they caused, up to the limits of that person's car insurance policy.