Three Liabilities Businesses Must Plan For

Starting a small business comes with many challenges. Securing funding, hiring the right employees, managing your time as an owner and an operator. But one of the biggest things your business must be protected against is liabilities. Here are three liabilities that Lifetime Investments, serving Mesa, AZ think you should be aware of.

Injury Liability

If you are running a retail or restaurant establishment, or any kind of business that has customers coming into a location, injury liability is extremely important. The oft-cited case, where the woman burned herself with a cup of McDonald’s coffee is the prime example. This ended up costing the company millions of dollars. While McDonald’s can afford a loss like that, most likely you wouldn’t be able to survive this. Injury lawsuits are a liability that must be insured against.

Libel and Slander

Another liability is slander and libel. The lawsuits are very common in service-based businesses. As an owner, you have to believe that your customers are interacting with you in good faith, but this isn’t always the case. A liability policy can help defray these costs as well.


Another common liability is a simple mistake. These can happen at any time and are not intentional, whether it be a mathematical error in accounting or overcharging a customer for a product or a service. A liability policy can cover these kinds of issues as well, should they go to court.

No matter what kind of business you run, getting the right commercial policy is important. We here at Lifetime Investments, serving Mesa, AZ want to help you come up with the right option for you. Contact us today and let us begin working for you.

What Can Happen if You Do Not Have Auto Insurance?

Believe it or not, there are still people in Mesa, AZ that are driving vehicles that do not have insurance or do not have the right amount of insurance. In the state of Arizona, there are minimum requirements for auto insurance in order to legally drive a car. If you are found to not have auto insurance, you could run the risk of some serious penalties. Here at Lifetime Investments, we do not want you to get in trouble for not having auto insurance so we will help you find the right policy to cover the requirements and your needs. 

What Are the Penalties for Driving Without Auto Insurance in Arizona?

With the first offense, a driver that is caught driving without auto insurance can face a fine of up to $500 as well as license and registration suspension for up to three months. This means they will have to pay the fine and will not be able to drive for up to three months. With a second offense, the fine increases to up to $750 and there is a license and registration suspension of up to six months. With the third offense, there is a fine of up to $1,000 a well as a license and registration suspension of up to 12 months. In addition to these penalties, there is also an SR-22 certificate placed on your file for two years which notifies auto insurance companies that you are a high-risk driver. This can lead to higher premiums. 

If you do not have auto insurance or you want to make sure that you at least have the minimum coverage, be sure to contact us today at Lifetime Investments, serving Mesa, AZ. We will help you find the right policy that meets the state requirements as well as your budget.