Protect Yourself against LIABILITY - professional & private

As a private person as well as a business person, you can never truly excape liability. But you can eliminate its unpleasant financial consequences for yourself, your family, and your business, in case you should face a liability problem, whether the claim is genuine or frivolous.

You can cover certain aspects of your liability through insurance. However, these insurances, especially for professional activities, will rarely cover what you really need to protect yourself - unless they become outragerously expensive... You might still need liability insurance as a formality, in order to run your business. Your customers might expect it as a prerequisite for doing business with you - or your government might demand it in order for you to obtain the licenses you need in order to operate your business legally. In those cases, you simply buy the insurance that fits this particular purpose best. For your personal protection, however, you are far better off making yourself invulnerable. This means that you transfer all your assets to an Offshore Trust that is not liable for your actions. For this to work for you, you need: An Offshore Trust with yourself as the beneficiary; the Trust will own all your personal assets. An International Business Corporation (IBC) as the owner of your business assets, including all shares in your current business. Once you have your assets transferred to your offshore entities, you will legally own nothing - and hence will not suffer any consequences of whatever claim you might be subject to. You do not even have to defend yourself in court, because it does not matter if you lose the case! You can accept the liability, but it will not have any financial consequences for you, regardless the claim.

Here is the outline for what you should do to protect yourself from private and professional liability: If your objective is to protect yourself from liability, lawsuits, and claims against you as a private person, you should protect your personal assets from any future creditors. Please check our information about this on the "Protect your Personal Assets" page where you will find the instructions you need. If you own a business, and you want to protect yourself from liability arising from your business activities, you need to protect not only your personal assets, but also your business assets. You will find the information you need on the "Protect your Business Assets" page on this site. In both cases, the protection you can obtain from liability claims lies in the fact of your being invulnerable. You obtain the invulnerability by making sure that you own nothing of value, and that your business owns nothing of value. So, the issue really boils down to protecting your assets. You need your assets separated from your potential liability. Since you cannot escape the liability, you have only one choice: move the ownership of the assets to an entity that has no liability for you, and for which you have no ownership.

**********************Warning!********************* If you attempt to secure your assets (personal and business) offshore at a time when you could be facing a possible bankruptcy or at high risk of your business becoming insolvent, you could be facing fraud charges for doing it, if you don't take a fair market-value payment for them! Please check with your attorney first, if you want to do such transfers as a means of rescuing your assets in an already prevalent crisis! Also note that you cannot avoid the legal hassles of your liability. By transferring ownership of your assets to offshore entities, you only avoid the financial consequences of possible liabilities. ***********************************************************