business liability insurance
These videos give a glimpse into the different aspects of business liability and why you may need to get a business liability insurance quote.
Frivolous Lawsuit? Walmart XBox360 Stampede
Oil Spill Liability Can it happen to you?
“Frivolous Lawsuit?” gives the perspective of a business owner about a lawsuit that happened to him. Randy Baumgarten of Lee Lumber and Building Materials in Chicago, IL talks about how a customer bought a product from him, disabled the built-in safety mechanisms after purchasing, was injured as a result, and sued everyone involved. Right or wrong, a lawsuit resulted. Shows why business need to be aware of potential liability – irregardless of how improbable it may seem – and get business liability insurance quotes to insure they are covered.
“Walmart XBox360 Stampede” was taken by an individual the day after Thanksgiving, 2005. Little did anyone know this foretold the death of a Walmart worker three years later in a virtually exact occurrence. Does Walmart bear responsibility in the death of their employee?
“Oil Spill Liability ” explores what is the extent of monetary responsibility in business liability with the oil spill disaster in the Gulf of Mexico. The video shows New Jersey Representative Rush Holt challenging British Petroleum (BP) executives to justify leaving the liability cap at $75 million. BP has said it would cover all legitimate claims, even if they exceed the current cap. Holt has introduced the Big Oil Bailout Prevention Act, which would ensure that BP and other oil companies are held accountable for paying economic damages resulting from spills.U.S. Rep. Rush Holt (NJ-12) challenged BP executives to justify leaving the liability cap at $75 million. BP has said it would cover all legitimate claims, even if they exceed the current cap. Holt has introduced the Big Oil Bailout Prevention Act, which would ensure that BP and other oil companies are held accountable for paying economic damages resulting from oil spills.
“Can it happen to you?” shows Ving Rhames (and Demi Moore, of course) in the 1996 movie Striptease plotting a fraudulent business liability lawsuit. Interesting clip from a so-so movie based on a great novel by Carl Hiassen.