Not exact matches
When the standard becomes effective, an asset called a «Right
of Use Asset» will be calculated and recorded on the
company's balance sheet
along with a
liability referred to as «Lease Liabilit
liability referred to as «Lease
LiabilityLiability.»
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.
Partner Andrew Cox spoke about product
liability risks to
companies along the supply chain for medical - device makers, in an address to the Plastics in Medical Devices 2012 conference in Westlake, Ohio in June
of 2012, hosted by Plastics News.
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.