Elevator Liability

25,000 USD Bodily Damage Liability
25,000 USD Material Damage Liability
Total Sum Insured 100,000 USD
Elevators operate daily with high passenger volume
Injuries can be severe or fatal
Courts often apply a presumption of fault against owners
Claims are expensive and damage reputation
Bodily Injury includes; Death, Permanent or temporary disability and Medical expenses
Material Damage includes damage to personal property
A 100 USD deductible applies
Written maintenance contracts are required
Insurance does not replace maintenance , it absorbs the financial shock when prevention fails.