| Russ In Idaho - 12/4/2025 07:11
Better have enough liability insurance for your net worth. Something out of your control will get you sued and they come after you. I run on public lands, cattle. Chevron Pipeline Co. made a gate off government feild to federal interstate. My cow went back looking for a calf. She got on interstate and wrecked a FedEx semi.
Not my fault I can't maintain fences as they belong to state. The state and my insurance paid out. But I was named big time in lawsuit. Glad I had insurance, you can do all the LLC's you want but they will come after you anyway.
Chevron even admitted they shouldn't have put a gate there. Then government fire crews would use it illegally to access their lands.
Never have understood this logic, your net worth has nothing to do with insurance IMO, your net worth will kick in when the insurance coverage stops. I prefer to have enough coverage that the insurance comapny has enough skin in the game to put a lawyer in the battle that was in the top 1/2 of the class not the bottom 1/2. Genrally Umbrella policies give you the most coverage for liablity with the smallest cost.
Edited by WCWI 12/5/2025 21:56
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Insurance umbrella policy
