At the time, the fire danger was extremely high and there was a burn ban in effect which included the county where the wildlife refuge was located. However, necessary precautions were not taken and sparks from the chop saw ignited a fire which quickly spread and burned 28,000 acres on the Refuge. These employees were using a chop saw to cut rebar. Are any employees apprehensive about taking a vacation and time off, and are also the first one in the office and the last one out? It is an optional insurance that would cover claims made by non-employees (e.g., customers, vendors, clients) against the insured company that arise from acts committed by that company’s employees. It is mostly valid on private cars and is subjected to a particular number of claims during the policy period. Ch. 176D does not require insurers to settle claims; it requires them only to make good faith efforts to settle claims.

He refused to consent to settle as recommended by Continental. That is why many professional liability insurance policies have consent-to-settle clauses, under which the insured professional must give consent to any settlement. In 1993 they covered only 9 percent of insured workers; by 1995 they covered 20 percent. 176D as a matter of law, but that under the statute the insurer still has “residual duties” to a third-party claimant even when an insured refuses to settle. Lala was insured by Continental Casualty Company. 1. Domestic – This type of insurance company is incorporated and formed under the laws of the state in which it is domiciled. 100,000. Insurance defense counsel informed Lala that he could face a verdict vastly in excess of that amount and well over his policy limit. An expert hired by insurance defense counsel agreed that Lala had made significant errors in his work on the house.

141,435.98, which was the amount remaining on the policy limit after deducting the legal fees Lala had incurred in defending the claim. Public policy supports the right of professionals to purchase insurance with such clauses. Policy purchases are secured by 128-bit SSL. A firm’s survival, growth and stability are dependent on its ability to market the products efficiently. Libel, slander and intentional infliction of emotional distress are torts where there is no physical injury to the person. If you conduct business there you would need to have a license to operate there. Once your business is set up, you’ll need an Employer Identification Number (EIN), which is like a SSN for your business. Will you work on government vehicles and do you have or plan to get a DUNS number to ensure you qualify to work on federal, state, and local vehicles? Do you track the number of credit card bills you sign each month? Is only one person responsible for reviewing financial statements each month?

Do you reconcile the bank statement on a timely basis, at least once a month? Its effect should be to make short and medium term (up to one year) bank funding comparable in cost. Do you question funds transferred between bank accounts? Have funds ever been transferred between accounts without review or verification? 3. You could also have title pass prior to the customs frontier at the port of import such as in a bonded warehouse prior to customs clearance. 2. You could have title pass on the high seas. Having the title transfer in a different location is common when you buy an item from a supplier in one country and want to sell it to a customer in another country without actually receiving the item. Many businesses rely on holding stock in order to meet customer demand – including B2C customers like shops or restaurants, and B2B suppliers and manufacturers.

You can never be too sure, and any food poisoning or allergic reaction incidents that could harm a customer and your business would at least be another worry off your mind. Liability insurance does generally provide coverage for harm incurred from risky behavior. The true analogy would be health insurance for a suicide attempt, which is intentional harm to oneself, not just the losing side of a risk. While it’s true that health insurance provides coverage for lung cancer for smokers and carpal tunnel syndrome for people who play too many computer games, that’s not quite the right analogy. Kentucky individual health insurance covers people who are not in an employer-sponsored plan, while group insurance is employer-sponsored coverage for workers and their dependents. While I believed I knew the answer I went to the IMRI Risk Management and Insurance website that contains definitions of insurance terms. This type of program is a sophisticated insurance vehicle designed to transfer some of the financial risk of maintaining healthcare equipment to an insurance company. CarsEach automobile’s brakes depend on brake pads to generate a specific amount of resistance to help decelerate the vehicle. Ask for Discounts Most insurance companies offer discounts that can help lower your insurance bill.