Everyone is at risk for being the target of a personal liability lawsuit, potentially for millions of dollars. But some people are more at risk than others, especially if they have substantial assets.

Here are some real life liability claims that could happen to anyone:

“A babysitter left a 5 month old infant unattended in a walker. The infant toppled the walker, struck her head on the floor and suffered brain damage. The parents of the infant sued the teenage babysitter and her parents. The court awarded the infant’s parents $11,000,000.”

“An insured’s daughter hated math class as well as the teacher. The daughter made several ‘disparaging’ and false remarks about her teacher online. The teacher sued the parents for personal injury and $750,000 was paid.”

“The insured hosted a beach party for their daughter. One of the attendees found what was believed to be an empty and discarded propane tank. The tank was thrown into a beach bonfire and subsequently exploded, resulting in severe injuries to several guests. A $20,000,000 claim was filed alleging the insured failed to properly supervise the party.”

“A 28-year old engineer dove into a friend’s above ground swimming pool, struck his head on the bottom, and as a result became a quadriplegic. He sued both the homeowner and the pool manufacturer. The court found the homeowner to be 60 percent responsible and the pool manufacturer to be 40 percent responsible, and awarded $10,000,000.”

“A teenager, who was destined for greatness as a softball player, filed a $700,000 lawsuit against her former coach, alleging his ‘incorrect’ teaching style ruined her chances for an athletic scholarship.”

“The insured permitted several of her children and their friends to play paintball in her large back yard. The children were experienced and advised of all the safety rules including the use of headgear at all times. A participant removed her headgear as she was leaving the field in order to better hear someone calling her name. The minor claimant was hit in the eye resulting in a $475,000 settlement.”

How much are you at risk of being sued? Complete our personal liability risk scorecard to get a rough idea. To really find out, meet with an independent insurance agent or broker. Liability coverage is the most common and serious area of underinsurance, according to our survey of independent insurance advisors. And it is much less expensive than most people think it is.

 Many of our clients carry umbrella coverage and find it a very inexpensive added protection to help protect their assets.

Here’s the link to the Personal Liability Risk Scorecard. For best results, open in Adobe Acrobat Reader.

Once the form is completed, the total score will give you an exposure level to help you decide

how much you are at risk of being sued.

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