Professional liability insurance

of businesses and then because it is a business itself. A sole trader is a held personal liable for his business borrowings and to any creditors if his business fails. He will also be held personally liable for any claims that are not covered by insurance. A limited company is registered at Companies House and is a separate legal entity. A company can have buildings, debts, and loans it has to pay back. It is not a person, so if a company goes bankrupt, directors are not responsible for it, no…

yourself. This allows you to make connections with people who want to experience the RV lifestyle for the first time and make their trip one to remember. Insurance Coverage With an RV share company, the renter as well as the owner are covered by a commercial rental insurance policy. This policy will cover a certain amount of liability, which should make the renter and owner more comfortable. The company also offers roadside assistance because you never know when there could be a problem on…

2.1 DEFINITION Coyle (2000) defined Mergers and Acquisition (M&A) occur when two or more companies joint together all or part of their operations. The differences between mergers and acquisition relate mainly to the relative size, management control and ownership of the combined business. Mergers is defined as two separate companies pooling their resources into a single entity and become common shareholders. The shareholders of pre-merger companies have a shared in the ownership of the merged…

BCS/CD-700 Michigan Limited Liability Company Form Form BCS/CD-700 Michigan Limited Liability Company carries articles necessary for the formation of Limited Liability Company in the Michigan State. The form has 5 articles governing various features. Filing duly completed form with the Bureau of Commercial Services is necessary for its execution. However, it attracts filing fees of $50. Expedited review and filing facilities are available at higher filing fees. The document is stored…

Snow is described as being ‘atmospheric water vapour frozen into ice crystals’. It cannot be owned in the air and there is no law on ownership of snow when it hits the ground. This leads to the assumption that snow is res nullius and title can be acquired by occupatio. The test for this is taking possession of the thing, whilst having the intention of becoming the owner of said thing. Therefore, when Looby Loo uses the snow to make her snowman she fulfils the first part of the test, and she…

continue to grow while the injured party is left unable to work. This can present a serious problem for the injured, in addition to the pain that they are already suffering from. This is often the case when an injury was sustained due to negligence or liability regardless of whether it was intentional or not. To recover the costs of lost wages and medical expenses, injured parties may find it necessary to file a personal injury claim or lawsuit. Although the two may seem to be one in the same,…

Lepore, & Holmes, 2013). Minimizing liability for church-related counseling services is critical considering the frequency and increased number of lawsuits being brought against clergy and churches (Allen, Davey, & Davey, 2010; Burek, 2013). Adopting and following a pastoral counseling policy emphasizing biblical advice as opposed to mental health counseling (Eliason, Lepore, & Holmes, 2013), referring counselees-congregants to appropriate mental health professional counselors when necessary…

Given the goals but also the problems that arise with professional liability insurance, do you believe that every practicing physician should be covered by medical malpractice insurance or do you believe coverage should be optional? The medical malpractice coverage system in the US, like several other insurance products in the healthcare system does work well. In the US only 1 in 8 patients have been injured are likely to file a claim. The system itself is erratic based on which state in which…

the pressures associated with pushing more of the cost onto employees - is causing a shift to self-insurance (Links to an external site.)Links to an external site. among employers (Links to an external site.)Links to an external site.. According to a new survey by insurance brokerage Arthur J. Gallagher & Co., 54% of 3,000 U.S. employers polled are paying at least 5% more for employee medical insurance this year, with nearly a quarter of companies paying at least 10%. And the cost will continue…

Research shows there are common payment methods: fee schedule Resource Based Relative Value Scale from Medicare. Charges are paid at a percentage. Fee schedule generated from the payer. Fee scheduled generated from Relative Value for Physicians (RVP) scale. The payment method that will be explained in this paper will be Resource-Based Relative Value Scale. The research has define Resource-based Relative Value Scale as the value of medical services associated with time and skill level needed to…