Sentences with phrase «liability cap»

In many industries, the government has placed liability caps that limit how much companies must contribute to remediation when there's an accident.

Liability caps put the parties on a direct collision course, there is no easy or elegant alternative solution which can satisfy both parties.

Property damage liability can take care of this situation by paying for necessary repairs or part replacements — up to your policy's property damage liability cap.

If you have a $ 100,000 liability cap on your auto insurance policy, and the person has $ 90,000 in car - repair costs, medical costs, lost work and pain and suffering, you'd be covered.

The scaled - back bill, which is far weaker than the climate and energy bill passed by the House last year, includes offshore drilling reforms, among them the removal of the $ 75 million liability cap for oil companies when it comes to oil spills.

Michael Greenstone, a professor of environmental economics at the Massachusetts Institute of Technology, says that removing, or at least significantly increasing liability caps, is the most effective way of synchronizing the interests of the oil industry with that of the public.

Shortly afterwards, the Child Support, Pensions and Social Security Bill was introduced, and although some amendments were accepted - including the # 2,000 per week liability cap - the White Paper plans survived relatively unscathed.

Removing liability caps to ensure that Enbridge is forced to pay for any issues caused by the pipeline and requiring than they have enough cash set aside, or have enough insurance to be able to afford to fully clean up any potential spill and compensate anyone affected.

However, the federal train accident liability cap prohibited the California court from awarding more than $ 200 million (in total) to the accident victims.

According to Legal Risk, limitation of liability clauses «are becoming more sophisticated and involve more than a simple liability cap... we doubt many firms limit liability 100 % of the time».

Although it is preferable to link liability caps to actual insurance cover or in any event proceeds, the Ampleforth case highlights the importance of separately including an insurance obligation clause in any event.

The court ruled in favour of the defendant on other grounds and therefore did not need to examine the validity of the limitation clause, however the judge did state, obiter dicta, that if necessary he would have upheld the # 14K contractual liability cap as a fair and reasonable clause.

There is likely to be greater negotiation around liability caps and indemnities in data processing contracts as the GDPR implementation date approaches and beyond as controllers and processors seek to carve up their respective liabilities between themselves.

Since then, multiple railway derailments and crashes have led Congress to reconsider the current liability cap.

Michael Geist's Blog File Sharing Lawsuits Could Lead to Clogged Courts as Canadians Rely on New Liability Caps

Annual liability caps are generally between $ 250,000 and $ 1 million.

In the real world: Elizabeth Brubaker, executive director of Environment Probe, argues this liability cap encourages disasters.

A commission that investigated the incident deemed America's US$ 75 - million liability cap «totally inadequate.»

That's because the district's insurance company is portraying the mass murder as one incident with many victims and a liability cap, according to court documents.

That's because the district's insurance company is portraying the mass murder as one incident with many victims and a liability cap,...

Does such a liability cap exist anywhere in the world?

I do think a liability cap for nuclear is OK, since we need that energy for survival.

Unlike wind's 2.3 c / kWh production tax credit or solar 30 % investment tax credit + net - metering, nuclear is not subsidized directly for construction or production, rather nuclear's subsidies come largely in the form of R&D (significant) and liability caps.

Thankfully, such a bill — one that requires deep water drilling be better regulated, demands oil companies employ more preventative measures and have thorough response plans, and eliminates the «liability cap» on how much those companies must pay in damages when they cause a spill — is advancing in the Senate.

The Gulf oil spill has added fresh urgency to the issue, and the bill could raise the liability caps on oil companies and impose stricter rules on offshore drilling.

The bill is likely to be a broad collection of provisions, including some in response to the gulf spill that would increase the liability caps on oil companies and impose tougher environmental and safety rules on offshore drilling.

One Los Angeles Metrolink accident was a major reason for the call to review the liability cap.

This included considering the specific reference in UCTA 1977, s 11 (4) that any liability cap should be considered in light of available insurance and the ability to cover potential loss.

They may also face increased potential liability in some no - fault states - for example, an at - fault uninsured driver in Michigan may be liable for all damages to another driver's vehicle, while insured drivers have their liability capped at $ 500.

Tax advisors need to be aware of this trend in the case law and carefully consider the scope of their retainers and their liability caps, as inevitably the inability to access remedies for mistakes through the courts may leave taxpayers looking to advisors to be made whole.

A federal law imposes a liability cap on the amount of damages that can be awarded to train accident victims after a crash.

An Ontario plaintiff was held to be able to look to his OPCF 44R insurer to pay his damages in excess of a liability cap in the U.S. state where the accident occurred up to the OPCF 44R limits but not for the plaintiff's U.S. legal fees.

The liability cap of # 30m was of no effect in the light of the finding of fraud.