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Liability exposure is when a company or a person is open to being sued. Typically, they are negligent and cause harm, which makes the exposed to a lawsuit.
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Is a loan an asset or liability to a business?
Liability
What is Zero Tax Liability?
tax liability
What is the price range for liability insurance for corporations seeking 2 million dollars in coverage?
That all depends. What type of corporation? What is your risk exposure? What is your loss history. There is not enough information to answer. Could be 100 dollars or could cost you a million dollars.
Pecuniary liability is the personal liability of?
Certifying Officers
How does contingent liability impact earnings?
Contingent liability can impact earnings because it is a projected and future liability. Not knowing what the outcome of the liability is, it can unexpectedly affect a large amount of earnings.
Does liability differ for a paid coach versus a volunteers in case of an accident?
No, the liability exposure is the same.
How do you list and briefly describe one property loss exposure and one liability loss exposure that John and Sue will face.?
Property loss exposure: If you home was burned down not intentionally caused by you or other residents relatives caused of your household. Liability loss exposure; If you accidentally hit a golf ball and broke another homeowners window.
What has the author Philip E Keith written?
Philip E. Keith has written: 'Managing liability exposure' -- subject(s): Government liability, Municipal corporations, Police
Does a builders risk policy provide liability?
It depends if the builder's risk policy is just for property or for property and liability. You can have a builder's risk policy, which includes general liability. If the insured is owner of the building, the general liability exposure is the cost of the project and will classes under subcontractor.
How much general liability insurance should a tenant be required to carry?
Liability requirements should be commensurate with the risk expsoure excountered. One might ask, What is the maximum libility exposure of the tenant? This would be the amount of liability insurance to carry.
Do you need liability insurance for a nonprofit social club going on bus trips?
If you want to protect your non profit organization from exposure to law suits, it would be advisable to obtain coverage. Non Profits are not exempt from financial liability.
What is a risk retention group?
Liability insurance companies owned by their policyholders. Membership is limited to people in the same business or activity, which exposes them to similar liability risks. The purpose is to assume and spread liability exposure to group members and to provide an alternative risk financing mechanism for liability. These entities are formed under the Liability Risk Retention Act of 1986. Under law, risk retention groups are precluded from writing certain coverages, most notably property lines and workers' compensation. They predominately write medical malpractice, general liability, professional liability, products liability and excess liability coverages. They can be formed as a mutual or stock company, or a reciprocal.
What are the Commercial general liability insurance rate averages?
I think your best bet is to contact a multi-line agent, there are many different limits, the amount of exposure etc.
What are the advantage and disadvantage of insurance in construction?
There aren't really advantages or disadvantages of insurance in construction, but instead insurance helps project owners, developers, and contractors mitigate their financial risk during the construction project. Construction has property exposure, liability exposure, and work comp exposure that need to be insured at a minimum. Chris Larmore - Parenti Insurance
How much will one pay for business liability insurance for a house painting business in Florida?
As with any business, It all depends on your risk exposure. Are you painting 2 or 3 houses per year? or are you painting 500 houses a year? The premium will reflect the overall exposure.
Explain why sprays can contain warnings such as do not puncture or incinerate?
Sprays and contain warnings to ensure people are aware of the potential for danger. Manufacturers place these warnings on cans to limit their exposure to liability.
What is the cost of general liability insurance for an independent contractor?
It all depends on the overall risk exposure. Without knowing what type of contractor you are and what you annual volume is, there is no way to guess what you might pay for your insurance.
