Sentences with phrase «liability exposure if»

You may have a professional liability exposure if an error or omission on your part could create damages for another party

Rather, a lawyer can possibly have liability exposure if: a) the lawyer is unable to prove that the client was the source of the incorrect information; b) the lawyer should have been able to obtain the correct factual information from documents or other sources, or by asking the client the right questions; and / or c) the lawyer failed to adequately warn the client of the importance of ensuring that the information provided by the client was accurate.

Not exact matches

«If they fail to do something about it, their liability exposure is considerably greater,» Higgins said.

BUSINESS INSURANCE - Sep 11 - Match.com's recent announcement that it has begun screening its members for registered sex offenders has some legal experts wondering if the company has opened itself up to a wave of new liability exposures.

If your exposure in the event of a fire is greater than the liability limit available to you, consider an umbrella policy on top of renters insurance.

This means that, if you negligently caused a fire which damaged the building, or other tenants, by self insuring your total exposure is $ 100,000 (liability) + $ 17,500 personal property + $ 4,500 loss of use + $ 1,000 medical payments to others.

Garden Communities has partnered with Effective Coverage to create a uniquely placed product to give Cambridge Manor residents the protection they deserve, and to limit their exposure to liability, if the worst happens.

On the other hand, if you have an auto policy with bodily injury liability of $ 100,000 per person, $ 300,000 per accident, and $ 100,000 of property damage along with full coverage (let's say the actual cash value of your car is $ 20,500), the company's maximum exposure on that policy would be $ 300,000 + $ 100,000 + $ 20,000 (ACV of your car, minus $ 500 deductible), or $ 420,000.

If you owned a home and it had a swimming pool, that would be an exposure because any bodily injury someone suffered because of that pool would create liability for you.

If you choose to rent, you'll need to make sure you have coverage for your personal property and your liability because both are significant exposures.

The higher they are, the higher the risk exposure if something goes wrong — from equipment damage to a customer liability claim.

This leaves you with tens of thousands of dollars of exposure if someone else has a fire, because that master liability policy may not cover their liability to you!

You don't have any exposure to inflation if you have $ 100 in liabilities and $ 100 in assets.

They also cover any detached structures on the property, additional living expenses you may incur if the house is uninhabitable, and personal liability exposures you may face.

If the insured / tortfeasor has personal counsel, it is helpful to keep the personal counsel informed of the claim and the insured / tortfeasor's exposure to excess liability.

«The keys to successfully litigating these issues for policyholder counsel are: (i) focus on the policy language; (ii) think about what happens if the policyholder wins the liability case; (iii) considering the overwhelmingly common practice of carriers» funding the defense, argue that the burden of dispelling the expectation of coverage is on the carrier to negate defense coverage; and (iv) recognize that while the incurrence of defense costs can be a catastrophic exposure to the policyholder it can also be so for the carrier, meaning that the policyholder must sensitively respond to the equitable force of the insurer's arguments and not simply rely on «punish the drafter» arguments or what the Nabisco court characterized as» «mom and pop» grocery store argument [s]» (unless one has to).

If you were injured in a slip and fall accident caused by faulty building maintenance, a construction site accident caused by property owner, or were injured by toxic exposure from your work, you may have a premises liability claim.

Moreover, if an employer's allegation of cause is later determined by the courts to be unfounded, the employer has exposure to additional liability for any related harm caused to the employee by a failed assertion of cause.

If the scope of workplace sexual harassment hasn't been an eye - opener for employers, the legal liability exposure should be.

There is also, of course, a liability exposure to the firm if the firm mishandles the complaint and it ends up in the courts or with the Law Society.

A failure to respond would place website operators under the obligation to delete the comments within 48 hours of that five day deadline expiring if they are to avoid exposure to liability.

Even if you think you have eliminated all the risks and hazards, you still can be sued for accidents, injury or property damage that might happen on your business» premises; exposures associated with your products, borrowed equipment or you may have to deal with contractual liability.

If your exposure in the event of a fire is greater than the liability limit available to you, consider an umbrella policy on top of renters insurance.

If you have questions as to your liability exposure please contact us for -LSB-...]

With $ 15,000 of personal property coverage and $ 100,000 of liability coverage, your total exposure would be $ 115,000 if you didn't have the coverage.

If you are using your home for business, however, or are renting part of it out, you might want to consider carrying more liability coverage, since you have greater exposure to injuries on your property, and the lawsuits that follow them.

If you think you may have a risk of hazardous waste exposure in your business operations, it is a good idea to consult with an insurance professional about your need for pollution liability insurance.

Garden Communities has partnered with Effective Coverage to create a uniquely placed product to give Cambridge Manor residents the protection they deserve, and to limit their exposure to liability, if the worst happens.

If you rent out your second home for all or part of the year, your homeowners policy may need to be endorsed (added to) to cover the increased liability exposure.

It adds an extra layer of personal liability protection for exposures you may have from your car policy, your boat policy (if you have one) and your condominium unitowners (homeowners) policy.

Professional liability if you could have an errors or omissions exposure arising from your business activities

This means that, if you negligently caused a fire which damaged the building, or other tenants, by self insuring your total exposure is $ 100,000 (liability) + $ 17,500 personal property + $ 4,500 loss of use + $ 1,000 medical payments to others.

By putting your rental property into a Limited Liability Corporation (LLC), you can limit the exposure to your personal assets if a renter or other individual tries to sue for damages that occurred on your rental property.

If you set your apartment on fire, the limit of the insurance company's exposure for that policy is $ 120,500 plus whatever the cost of defending you against the liability claim might be.

But if you have any significant liability exposure at all or any assets to protect, it's worth considering.

On the other hand, if you have an auto policy with bodily injury liability of $ 100,000 per person, $ 300,000 per accident, and $ 100,000 of property damage along with full coverage (let's say the actual cash value of your car is $ 20,500), the company's maximum exposure on that policy would be $ 300,000 + $ 100,000 + $ 20,000 (ACV of your car, minus $ 500 deductible), or $ 420,000.

If you make a material misrepresentation such as saying that you don't have a pool, or that your pool is fenced when it's not, there's a significant liability exposure that's not being properly rated because anyone could stumble into your pool — a child, or even a drunk who's lost — and be injured or killed.

If you owned a home and it had a swimming pool, that would be an exposure because any bodily injury someone suffered because of that pool would create liability for you.

«From a liability perspective, employers face exposure if they don't screen executives and that person causes harm of any kind to customers or employees.

As I see it, if a tenant lawsuit arises from something the manager did, or should have done but failed to do, then the manager is not without personal liability exposure.

On a balance sheet, it's usually pretty simple for small ventures, but if they had «contingent liabilities» noted, that was a plus in view of their recognition of such business exposures.

It all depends on how much you are worth, how much the LLCs are worth, etc. if you have a lot of various exposures (houses, apartments, medical practice, a restaurant, motel, etc) LLCs provide some separation of liability so that losses from one exposure don't wipe you out across the board.

If you have a liability exposure, there is an insurance market that will cover you.