Any homeowner can potentially face a lawsuit. And most homeowners aren’t adequately protected against things such as lawsuits. If you win or lose, a lawsuit can cost thousands of dollars. The more assets you own, the greater your risk. Liability insurance can protect you against liability claims that can jeopardize your assets.
The potential to face a lawsuit isn’t a rare occasion. You could accidentally injure someone and end up paying thousands of dollars in damages. The person’s medical costs, lost earnings and damages are all your responsibility. Or your dog could bite someone and send them to the emergency room. That bite is your responsibility as well. Do you have the money to foot that bill?
Residential employees such as gardeners, housekeepers or nannies open you to additional liability hazards. Consider purchasing an additional endorsement to your Personal Umbrella for Employment Practices Liability (EPLI).