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Hace 1 día · General Liability Insurance: Covers third-party lawsuits for bodily injury, property damage, and personal injury, ensuring your startup can handle legal costs and damages. Professional Liability Insurance (Errors and Omissions Insurance, E&O): This type of business insurance is critical for startups that provide professional services.
Hace 2 días · Is automobile liability insurance coverage required for car owners in Queens? Yes, car owners in Queens are required by New York law to carry automobile liability insurance. The minimum amounts required by state mandates are $25,000 for bodily injuries and $50,000 for fatalities for a single person.
Hace 2 días · The presentation provides an overview of products liability litigation trends focused on the healthcare, life sciences industries, and pharmaceutical space. This includes discussions of recent cases addressing issues such as the newly amended FRE 702, personal jurisdiction, MDL trends, and emerging areas of product liability law. MORE INFORMATION.
Hace 4 días · Difference between “Caps” and “Exclusions”. Types of Contractual Liabilities. Situations where a Liability Limit MAY PROTECT. Situations where Limited Liability MAY NOT PROTECT. Law of Limitation of Liability. Qualifications and Carve-Outs. 4 Tips to Draft Your Liability Limit in Contract. Enforceability.
Hace 3 días · An indemnity in a contract is a promise by one party to compensate the other party for loss or damage suffered by the other party during contract performance. Not all indemnities are obvious in contracts. Often, they fall under the guise of various names. Furthermore, a party can reference indemnities by using words such as: hold harmless; defend;
Hace 3 días · What is clear is that careful wording of indemnity clauses can mean that a statutory limitation period does not begin until some time after the breach has occurred, because the cause of action will not have ‘accrued’ until the loss (as covered under the indemnity) becomes apparent. Importantly, section 109ZK of the Environmental Planning ...
Hace 5 días · A financial liability is any money owed to another party. Common personal liabilities include home mortgages and student loans, while common business liabilities include accounts payable and deferred revenue. Liabilities can be short-term, such as credit card debt, or long-term, such as mortgages.
