2006-08-12 07:54:06 · 4 answers · asked by need answers quick 1 in Business & Finance ➔ Insurance
What is the dollar amount most companies require for liability insurance from vendors?
2006-08-12 07:55:54 · update #1
Mostly it's $1,000,000 for auto, general liability, product liability, and professional liability, with 500/500/500 for comp. Some will also require a $5,000,000 umbrella.
2006-08-13 06:57:50 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Depends on the type of company, but 1 million is not unusual.
2006-08-12 12:57:08 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
It depends on the kind of vendor. If you are in the construction industry, it is usually $500,000 to $1,000,000.
2006-08-12 09:55:10 · answer #3 · answered by Catspaw 6 · 0⤊ 0⤋
depends on what the extent of their liability could be they would want insurance to protect and defend thewm for that amt.
2006-08-12 10:08:22 · answer #4 · answered by titanbooboo 3 · 0⤊ 0⤋