Yes, they really need Workers Comp for their employees too, but that also hinges on state WC (non-subscriber) laws, if this is a 1 or 2 person business, are they required to carry WC, etc.The contractor is on the hook for the protection of their own equipment, automobiles, workers (work comp), etc. 

People hated the automobile, MP3's, electric elevators, and were afraid of flight.

Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.

Renting to faculty, out of state students, students from abroad and more of year round (such as residency) students will not carry the same short term renter displacement, but may require a higher level of finish in some cases as this becomes a year round home.Perks here are- -Year round rent under the same renter/ as your lease terms apply-Some renters having supplemented housing stipends paid in the form of allowances, stipends, and other arrangements -Lesser degree of potential property damage for those in graduate/residency programs (simply based on age and maturity - again, use the automobile industry here in why most car rental places won’t rent below age 26)-Less need for obtaining co-signers (allowing tenant to solely establish some credit history as well)When your tenets do move on and out, as a ‘thank you’ for being such great renters for the span of their academic career, it can be nice to offer a letter of reference as well for future renting needs.

I have bought 2 previously and understand that contents are mine to keep or dispose.My question is that this particular home has a fairly new automobile in the garage.

You watched the Domestic Automobiles decline for the next 10 years, but you closed your eyes to the fact that Detroit was 90% dependent on Auto.How could you say that it was unpredictable?!

It should have been fairly easy to know that Detroit was in trouble economically as the Domestic Automobile Industry was losing Market Share to Foreign competition.

And certainly neither your property nor your automobile insurance will cover you if you are found negligent in a serious accident (this is an external “threat” to your assets).Insurance companies don’t cover “gross negligence” or “fraud”, and when the claim is large they will find a way to deny it, if possible.

As you probably know by now, that automobile purchase was a huge mistake. 

From what I understand, the most common are related to automobile accidents (boy my neck hurts...).