{"version":"1.0","provider_name":"Arizona LLC Law","provider_url":"https:\/\/www.keytlaw.com\/azllclaw","author_name":"Richard C. Keyt","author_url":"https:\/\/www.keytlaw.com\/azllclaw\/author\/rc-keyt\/","title":"Arizona Damage Awards in Premises Liability Cases","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"76hcScqCJu\"><a href=\"https:\/\/www.keytlaw.com\/azllclaw\/2011\/05\/damage-awards-in-premises-liability-cases\/\">Arizona Damage Awards in Premises Liability Cases<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.keytlaw.com\/azllclaw\/2011\/05\/damage-awards-in-premises-liability-cases\/embed\/#?secret=76hcScqCJu\" width=\"600\" height=\"338\" title=\"&#8220;Arizona Damage Awards in Premises Liability Cases&#8221; &#8212; Arizona LLC Law\" data-secret=\"76hcScqCJu\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.keytlaw.com\/azllclaw\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"Owners of residential and commercial buildings face potential liability for accidents which occur on the property&#8217;s premises.\u00a0 Two premises liability cases found their way into the top ten civil damage awards in Arizona during 2010.\u00a0 In LeClair v. Lumberman&#8217;s Building Center, the jury awarded $3,900,000 to a truck driver who slipped and fell on black ice.\u00a0 The accident occurred at the Lumberman&#8217;s Building Center and caused the truck driver to lose his leg.\u00a0 In Kerege v. Viscount Hotel Suite, an elderly woman fell down carpeted stairs in a hotel atrium, ultimately, caused her death.\u00a0 The jury awarded the plaintiff $3,000,000. These two cases illustrate the need to form an Arizona Limited Liability Company (LLC) to protect the personal assets of the owner.\u00a0 Imagine you just purchased a small strip mall in Phoenix.\u00a0 You depend on this strip mall as one of the assets to help fund your retirement.\u00a0 However, when you purchased the strip mall, you did not have title to the strip mall held in an LLC.\u00a0 Rather, you personally held title to the mall believing an insurance policy covering the strip mall sufficiently fully protected you against any lawsuits and judgments arising from the real estate. The\u00a0 insurance policy on the strip mall covered the first $2,000,000 of damages occurring to any person on the property.\u00a0 During a rainy monsoon day, a prospective plaintiff slips on the sidewalk of the strip mall and injures themselves badly.\u00a0 The upset plaintiff sues the owner of the real estate, i.e., YOU, and the jury awards the plaintiff $3,000,000 in damages. Your insurance company pays the policy limits of $2,000,000, but you now have a $1,000,000 problem, which is the unpaid amount of the judgment.\u00a0 Guess where [...]"}