Recent Jury Verdicts Confirm Your Liability Insurance Likely Not Enough to Save Your Farm
If there is one thing I wish I could get clients to understand is the fact that even if your farm has liability insurance, you are likely under insured with your current liability coverage. Essentially, if you have a million dollars of coverage, or several million, the coverage is peanuts now days. How big a bag of peanuts? Well, here in Indiana we recently had a whopping 35 million dollar verdict against a defendant for causing an accident that left the plaintiff a quadriplegic. Similar verdicts have been handed down across the country as of late. You can read about it here: https://www.theindianalawyer.com/articles/45836-recent-35m-verdict-is-among-largest-indiana-jury-personal-injury-awards As one attorney stated “ jurors are increasingly less offended by requests for million-dollar-plus verdicts” Whoa. Wasn’t it not too long ago society was up in arms about a woman in Texas getting several million for being burned by hot coffee? It sure was. But,