Posted by Bronchick on September 30, 2003 at 11:31:11:
Insurance will generally cover slip and fall cases, but only to the extent that insurance covers the claim. For example, if you carry $500,000 in coverage and someone cracks their skull and becomes permanently disabled, you can be looking at a jury verdict of $1M or more. Also, if you fail to report the claim timely, you may get coverage denied. There also may be exceptions in the policy that won’t cover the claim.
In short, carry insurance and plenty of it, but prepare for the worst - own your real estate in corporate entities, not your own name.