Protecting Your Business With Commercial And Insurance Law Service Providers

If you are a small business owner you need to be protected in the big business world with a law firm who knows commercial law. Your business needs protection against little business and big business and consumers who try to file lawsuits without cause and you need to know your rights in insurance law.

For all needs legally, a small business needs this protection for commercial law. The reasons are many, because as a small business you can face any amount of legal challenges and having a good law firm behind you for insurance law.

Here are several reasons for having a knowledgeable lawyer who knows commercial law.

Contract Negotiation
Making sure your insurance is the right fit for your business
Contracts with suppliers
Civil litigation from the public
Your property rights

Legal troubles often come in the form of small print on contracts. Having someone who can show you the law on these areas is part of having a business so you can run your business properly without worry in insurance law. Insurance lawyers are constantly on the go because the laws change even daily in favor of the insurance industry protecting them against the consumer and the business owner. The small business owner needs protection in insurance law.

Knowing what you are responsible for is important. You will have that extra edge because you are properly protected by a law firm who specializes in and practices commercial law.

If a supplier is supposed to deliver and goes out of business do you know what your rights are in commercial law? If a supplier doesn’t deliver what they were contracted to deliver and you are waiting on supplies to do business, are you protected against this? Does your lawyer know about commercial law?

As laws change you need to know the fine print on your insurance contracts because the insurance companies know their rights on insurance law. What about big businesses who try to run you out as a small business on your property because they want to enlarge? It happens unfortunately, but having a good lawyer can stop this when you know your commercial law.

Having a good law firm is important to protect your assets as well. Did you know that one civil suit from a consumer could run a small business into bankruptcy? With the right law firm you are protected in insurance law. This can be avoided because having this knowledge can be vital to a small business and its owner in commercial law.

How Strict Are the Illinois Auto Insurance Laws?

Illinois auto insurance is strict. It is mandatory for every vehicle in Illinois to be insured.

Failure to comply with this law will result in the suspension of the registration of the vehicle. Illinois auto insurance law provides for a minimum of 55 USD fine for vehicle owners without insurance (July 2009). That is driving a vehicle without the prescribed auto insurance. If you are caught driving a vehicle whose registration has been suspended for lack of auto insurance, the minimum fine is placed at 1,000 USD. A heavy fine for offenders is expected to deter future violations in this state. This law applies to all vehicles with Illinois license plates.

Aside from the Illinois auto insurance requirements, state law also provides for specific details on insurance policies. Twenty thousand US dollars (20,000 USD) is the minimum liability coverage that could satisfy this state law. It further provides for a forty thousand US Dollar (40,000 USD) minimum coverage for one person in case of accident or death, and a fifteen thousand US dollar (15,000 USD) minimum coverage for damage to property.

Upon demand, the vehicle owner should be able to produce and present proof of ownership and insurance to a law enforcer. In this case, the vehicle owner must always carry with him an insurance card that will reflect such information. The Illinois auto insurance law is enforced through a random questionnaire that is sent to pre-selected vehicle owners through a computer program owned by the state. Failure to return said insurance verification form will result to the suspension of the vehicle owner. The Illinois auto insurance law further provides for the suspension of vehicle registration if the owner of the subject vehicle has received a traffic ticket and also convicted of driving a vehicle that has no vehicle insurance. First time offenders incur vehicle registration suspension until a 100 USD fine is paid as reinstatement fee. The vehicle must be able to submit proof of vehicle insurance upon reinstatement. A second time offender will be placed on a four month vehicle registration suspension. Third time offenders are placed under court supervision.

The Illinois state law on mandatory auto insurance has been one of the milestone laws in consumer protection and vehicular safety. It professes a way for the state to enable its citizens to be ably protected in cases of accident, damage to property and even death. In compliance with this law, citizens are encouraged by insurance providers and thus it helps put up an efficient insurance system that will be both beneficial to the consumer and the service provider. Law enforcement in the state of Illinois is strict when it comes to this policy. Vehicle owners are apt to follow this.

Pennsylvania Auto Insurance Laws – 5 Car Insurance Laws in PA That You Need to Know

It is important to understand the various Pennsylvania auto insurance laws. Why? Because understanding these laws may just end up keeping you safe and saving you some money! Laws regarding car insurance change greatly depending on the state you live in. Some places have very straight forward or even practically non-existent laws, while others have more complicated and detailed laws. No matter where you live it is essential to know certain laws regarding auto insurance if you own a car. The state of Pennsylvania is no exception. There are, in fact, 5 car insurance laws in PA that you need to know.

Law #1 – PA’s Minimum Requirements For Car Insurance

The state of Pennsylvania mandates that you carry minimum liability limits of $15,000 per person bodily injury, $30,000 per accident total bodily injury and $5,000 per accident property damage. It also requires you to carry $5,000 in medical expenses coverage. These limits are extremely low and not satisfactory protection for most people when involved in a serious accident.

Law #2 – PA Is A No-Fault Auto Insurance State – Sort Of

You need to choose if you will have a limited tort or full tort option on your PA car insurance policy. Choosing full tort gives you better coverage if you are hurt in an accident. Limited tort is less expensive but it prevents you from receiving compensation for pain and suffering by limiting your right to sue the other party.

Law # 3 – There Are Hefty Penalties For Not Having PA Car Insurance

If you are caught driving without liability car insurance in the state of Pennsylvania, you will get a 90-day suspension of your license and several fines and fees.

Law # 4 – Pennsylvania Has An Assigned Risk Plan

In Pennsylvania, there is an assigned risk plan that ensures everyone can get auto insurance, no matter how high-risk they are. If you have been refused coverage, cancelled, or are having trouble getting coverage, you may want to check into it.

Law # 5 – You Can Stack Uninsured Motorist Coverage For Extra Protection

If you have more than one vehicle on a policy, you can stack the UM coverage on them for an additional premium and get additional protection.

Compare Pennsylvania Car Insurance Policies

Now that you are familiar with these 5 PA car insurance laws, you are well prepared to start shopping around for your car insurance needs. Use a free online quote tool, and you can compare top companies that are ready to offer you the coverage you need.

The Basics of Car Insurance Laws

Almost anywhere you operate a motor vehicle you must provide “proof of financial responsibility.” In other words, you must satisfy local authorities that either you or your insurance company can and will pay for the consequences of a nasty traffic accident. More specifically, you must prove that you can afford to pay for property damage and medical expenses if you drive negligently or recklessly. For most drivers in most places, “proof of financial responsibility” is a polite and vaguely deceptive phrase that translates “car insurance.” Moreover, in most places with paved roads, the car insurance laws are clear: No insurance, no driving.

Consequences of failure to comply with car insurance laws

In many states, failure to comply with car insurance laws leads almost immediately to suspension of your driver’s license and cancellation of your car registration. With the suspension and cancellation in effect, you become vulnerable to stop and citation every time you get behind the wheel of your car. In some circumstances, law enforcement authorities may impound your vehicle and confiscate your driver’s license. In order to restore your driving privileges, you will have to supply your state authorities with proof of financial responsibility, pay penalties and fees for reinstatement of your license and registration, and pay storage fees for your vehicle. Given that basic liability insurance for a driver with a clean record costs only $50(US) per month, you pay far less for obeying the car insurance laws than you will pay for violating them.

If you cause a major traffic accident and you have no insurance, you are personally liable for all the damage and injuries you caused. Accident victims have every right to sue you for their losses, and the courts may place liens on all of your property and assets. The courts may attach your bank accounts, garnish your wages, and place a lien on your home. Even if you have very few assets or file for bankruptcy, the court’s orders remain in effect until you have made restitution for the damage or settled all of the claims against you.

Finance contracts supplement the car insurance laws.

The car insurance laws protect people and their property. They make no provision for protection of your own vehicle for damage or theft. If you have financed or leased your vehicle, your lending institution wants to protect its investment. Your loan or lease documents undoubtedly stipulate the lender’s requirements for your insurance coverage, demanding that you carry “comprehensive” and collision insurance. You may set the deductibles according to your budget, but you must carry insurance according to your contract’s requirements. The contract carries as much legal weight as the car insurance laws.

Arizona Auto Insurance Law

As you travel from state to state within the US, the laws pertaining to auto insurance may vary. But when it comes to Arizona auto insurance law the rules are pretty straightforward.

The most frequently asked-about Arizona laws are:

Financial Responsibility

As in all other states, in order to be legally insured to drive in Arizona you must carry the minimum in auto liability insurance. This assures that you are financially responsible in the event of an accident and is often referred to as “financial responsibility”. The minimum in Arizona is 30/15/10 which means $30,000 minimum coverage for all persons injured, $15,000 max for one individual injured, a minimum of $10,000 coverage for property damage.

Although these are the minimums, many insurance experts agree that you should carry more due to the fact that the amount of money needed to cover damages in a claim are very often more than the minimum amounts the state requires. In this case, Arizona auto insurance law falls short of the minimum of $100,000 for bodily injury protection per person and at least $300,000 for property damage costs and physical injury costs recommended. Way short.

Arizona insurance law also requires that you keep proof of insurance in your vehicle at all times. That way in the event of an accident you will able to present proof that you’re financially responsible. The card issued by your insurance company is all you’ll need to keep in the car. If you’re caught without auto liability insurance you’re subject to a $250 fine.

Fault vs No Fault

Arizona law states that in the event of an accident, if you are found not at fault you’re entitled to sue the at-fault party for pain, suffering, and other costs arising out of the accident.

DUI and SR22 laws

If you’re caught driving drunk with a blood alcohol over 0.08 you will have your license suspended or revoked. In order to get it back, you must have your insurance company file an SR22 form with your local DMV. SR22 insurance is more costly because you are now considered a high risk driver. Not all insurers deal with them, so make sure your insurance company will do this for you (if they don’t, they will cancel your policy). You may also need to take a driver’s education course.

Arizona insurance law prohibits DUI plea bargaining, a process that can reduce or drop charges related to a DUI.

Seat Belt Laws

A police officer in Arizona can fine you $10 for not wearing a seat belt, but he or she can’t pull you over for that alone. There must be another infraction, and the seatbelt infraction is secondary.

Age Restrictions

For young drivers age 15 to 18, full driving privileges are granted over time in a process called graduated licensing. A learner’s permit is carried for the first 6 months. Unlike many other states, Arizona insurance law places no restriction on night driving for teens.

Older drivers have an age limit of 70 on automatic renewals.

If you think you may be paying too much for you auto insurance there are many sites where you can compare Arizona auto insurance rates. Many companies can save you as much as $1000 a year in premiums due to the competitive rates they can offer online. And when looking for additional bodily injury and property damage liability insurance from competing companies, it may not be as costly as you think.