3 ms·
The 35k bond doesn’t preclude getting sued for an unbounded amount. Presumably the idea is that a 35k bond demonstrates you have more available in case of a jud
by creato 3y ago
The 35k bond doesn’t preclude getting sued for an unbounded amount. Presumably the idea is that a 35k bond demonstrates you have more available in case of a judgment.
That said, that seems like a risky idea in a world full of LLCs, trusts, etc.
- dragonwriter 3y agoNo. it demonstrates exactly the same minimum ability to pay as the alternative minimum deposit or insurance coverage, which are also $35k.
- tptacek 3y agoNot having any insurance coverage at all doesn't preclude you from getting sued for an unbounded amount.