Your Dog May Pose a Liability Threat

By December 1, 2013March 1st, 2014No Comments

Many dog lovers think of their pets as family and may overlook their natural instincts, but just about any dog has the potential to bite, especially when fearful. More than 4.7 million Americans are bitten by dogs each year. The most frequent victims are small children, the elderly, and letter carriers.

The responsibility for training a dog and controlling its behavior lies with the owner, who could be held liable for injuries and property damage caused by the pet. A dog owner might have to reimburse an injured person for his or her medical bills, time off from work, and even pain and suffering.


Homeowners and renters insurance policies typically include general liability that would cover dog bites, up to policy limits, but a policyholder could be on the hook for damages and legal fees in excess of the coverage amounts if someone is seriously injured. Some insurance policies may also exclude certain dog breeds.

Once a dog has bitten someone, insurance may become more costly, or dog liability could be excluded from coverage. If you have a dog, you may want to review your insurance policies and talk with your agent about whether you have adequate liability protection.

Sources: Insurance Information Institute, 2013;, May 28, 2013

The information in this article is not intended to be tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Emerald. © 2014 Emerald Connect, LLC
© Mahoney Asset Management

Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money. Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact Mahoney Asset Management for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

This web site has been prepared solely for informational purposes. It is not an offer to buy or sell any security; nor is it a solicitation of an offer to buy or sell any security.This site and the opinions and information therein are based on sources which we believe to be dependable, but we can not guarantee the accuracy of such information.

Representatives of a broker-dealer or investment adviser may only conduct business in a state if the representatives and the broker-dealer or investment adviser they represent: (a) satisfy the qualification requirements of, and are approved to do business by, the state; or (b) are excluded or exempted from the state’s licenser requirements.

An investor may obtain information concerning a broker-dealer, an investment advisor, or a representative of a broker-dealer or an investment advisor, including their licenser status and disciplinary history, by contacting the investor’s state securities law administrator.

This information is intended for use only by residents of CA, CT, DC, FL,, MA, MD, MN, NC, NJ, NY, OH, PA, and VA. Securities-related services may not be provided to individuals residing in any state not listed above.

The financial calculator results shown represent analysis and estimates based on the assumptions you have provided, but they do not reflect all relevant elements of your personal situation. The actual effects of your financial decisions may vary significantly from these estimates–so these estimates should not be regarded as predictions, advice, or recommendations. Mahoney Asset Managment does not provide legal or tax advice. Be sure to consult with your own tax and legal advisors before taking any action that would have tax consequences.

Securities offered through
Newbridge Securities Corporation,
member FINRA / SIPC

Investment Advisory Services offered through
Newbridge Financial Services Group Inc.,
an SEC Registered Investment Adviser.

Office of Supervisory Jurisdiction
1200 North Federal Highway, Suite 400
Boca Raton, FL 33432

Toll-Free: 877-447-9625
Phone: 954-334-3450
Fax: 954-489-2390