Liability insurance

Many professions require their members to carry basic liability insurance coverage. Anyone from a contractor, mechanic, and even construction worker is in a position to potentially need this type of coverage. Basic liability insurance provides a layer of protection that normally covers an individual for personal, bodily and property damage in the case of flawed workmanship (Joel, 2013). Beyond this basic coverage is professional liability coverage. Professional liability insurance or professional indemnity insurance is highly recommended for specific professions where individuals are often working in a capacity where an error or lapse in judgment may lead to significant harm of another. These policies go beyond basic coverage to accept the risk for negligence or inadequate services. Lawyers, doctors, and other healthcare providers, such as advanced practice nurses…

Many insurance companies now offer what is known as employment practices liability insurance (EPLI). Whether an employer elects to purchase such insurance coverage is a decision which should be made with care and only after a complete review of various options open to the employer. Your insurance agent or human resource consultant may urge your business to purchase employment practice liability insurance (EPLI) in the hope or belief that this insurance will protect your business against the…

If you are driving a vehicle that is more than ten years old, you need to think carefully about the type of car insurance that you purchase. You need to make sure that the car insurance you purchase will provide you with the coverage you need, without paying too much money. Always Pay For Liability Insurance No matter how little, or how much, your vehicle is worth, you should never skimp on liability insurance. Don’t ever forget that your vehicle is a piece of heavy machinery that can cause…

Part A: liability Coverage: Liability coverage protects a covered individual against a suit or claim arising out of the ownership or operation of a covered vehicle. This coverage applies to the insured and any resident family member, as well as any person using the named insured’s covered automobile. Coverage amounts are written in split limits, where the amounts of insurance are stated separately. The Missouri state-required limits of 25/50/10 are as follows: • $25,000 per person for bodily…

Non profit and social services need Charitable Organizations/Nonprofit Liability Insurance. Non profit and social services enrich the lives of many, but this does not make you immune from lawsuits. Whether your business supplies programs for the developmentally disabled, shelters for battered spouses, after-school programs for children or some other community need, you need Charitable Organizations/Nonprofit Liability Insurance. Charitable Organizations/Nonprofit Liability Insurance covers:…

If you own or manage a baseball team or league, you need Baseball General Liability Insurance. If a mishap occurs that results in property damage or bodily injury, and you don’t have insurance, costly legal actions can have a devastating impact on your assets. Any association or establishment that deals with children and has public spectators can be sued if an accident occurs. Baseball General Liability Insurance gives protection to business owners, employees and volunteers in the event of…

should do. There are the tasks that a risk manager would perform at their job: identify the value of the assets, what risks might occur, and how much are the losses; decide whether to purchase insurance coverages, transfer, or to avoid them. The goals of risk management are to minimize the losses and expenses in the worst case scenario. Risk managers are responsible for managing the risk of the firms, employees, customers, assets, etc. In the following, I will analyze and make recommendations…

Now minus the Total Liabilities from the Total Assets When a business gets a negative number they have to increase their income, cut expenses, or borrow money to stay operational. With personal finance, the outcome is the same, except borrowing more money should not be one of the options. Now, refer to the discretionary money number that you calculated earlier. Does the number have more clarity now? Just like a business, long term assets can be sold to add cash to the short term assets, and…

in construction work like rough building. I don 't know much about Plumbing at all, but I know a little bit more on the construction piece and how to build a roof, walls and Laying It All Out and cutting it. I even know a little bit on Timber framing. I am a little interested in plumbing because one day the VHV Heating and ventilation company came into our class and start talking about what they do and what opportunities they have. Also the VHV is hiring during the summer. I thought maybe I…

disproportionate plant investment. His operating expenses are as low as they could possibly be. He has personal control over every feature of his business and he possesses sound judgment and a willingness to work harder than anyone I have ever known. This, with a good personality, gives him a good turnover; and from my personal experience in watching him work, I know that he keeps close check on his own credits. All the other trade letters received by the bank bore out this opinion. In…