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Risk of Not Having Limited Liability Protection

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Considering the recent death at a monster truck show, What might be the personal financial exposure for an individual that drove the truck assuming he didn't have the benefit of a limited liability organization protecting him and he is found negligent?

Link to article: http://www.foxnews.com/story/0,2933,480432,00.html

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This answer provides you an excellent discussion on financial risk.

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Considering the recent death at a monster truck show, What might be the personal financial exposure for an individual that drove the truck assuming he didn't have the benefit of a limited liability organization protecting him and he is found negligent

If the truck driver is found negligent then he has to pay damages for the wrongful death of the child. The financial exposure will be the financial loss of future earnings, ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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