quote:hate to tell you this chief, but if you're buying them the car then you are personally on the hook as well.
FWIW, I make them put up some of the money and get them cheap cars. And then I only carry minimum limits on them because they don't have any assets, and if they are in an accident, the other party or attorney will only go for policy limits. They'll never go after them personally after, because they don't own anything. It's been my philosophy and it saves me on policy rates.