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Waiver

Do I Need Liability Insurance for My Business If Customers Sign a Waiver?

This original post was published on 6/29/2021 and fully updated on 3/5/2024. Many business owners ask themselves do I need liability insurance for my business if my customers sign a waiver, and the answer is yes. A waiver or release form is a contract designed to shift liability away from the business with the consent of the customer. Waivers are meant to significantly alter the legal landscape from a place where the business is responsible for a place where responsibility lies more with the customer. However, if a customer makes a liability claim, release forms may not always be enforced.… Read More »Do I Need Liability Insurance for My Business If Customers Sign a Waiver?

Landlord & Tenants and Waiver of Subrogation

Mitch, aka “the coffee man,” has owned and operated his coffee shop for almost a decade. His shop is located on Market Street and comprises about 900 square feet of leased space in an office building. Mitch is having his attorney, Diana, negotiate the renewal of his five-year lease with the building owner/landlord. Diana has arranged to meet with Mitch and Mitch’s insurance agent, Dennis because the landlord is proposing changes to the lease’s insurance requirements. SUBROGATION While the lease requires Mitch to purchase insurance for his contents (and the landlord has agreed to insure the building), the landlord is… Read More »Landlord & Tenants and Waiver of Subrogation