Well...it is very possible that you are! As I write this early in the morning on the 4th of July, I reflect on the many Holiday celebrations that will be taking place this weekend. Of course in today's society, everyone wants to sue everyone else whenever they can, and for whatever they can. The bottom line is that liability is based on negligence, and that is some action you take or fail to take as a reasonably prudent individual that can cause harm to another person. For example, if you have a picnic, and watch a guest have 8 or 9 cocktails within a few hours, and then let them drive off without even mentioning that maybe they should take a cab, and they are involved in a fatal accident down the street.......then you probably have some responsibility for not acting in a reasonable and prudent manner.
The good news is your property insurance coverage should carry liability coverage that would protect you from a possible lawsuit for this. Also carrying an Umbrella Liability policy is a prudent thing to do if you are concerned about protecting your assets from a possible lawsuit. These normally run just a few hundred dollars a year for 1 million dollars of liability protection. As always, you should check with your own insurance company to verify the exact extent of your coverage. Please keep in mind that also business activities where you charge a fee for admission to a party is an entirely different situation, and not covered on a Homeowners policy.
Have a safe and Happy 4th of July 2009!
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