Sentences with phrase «liability policies because»

Not exact matches

It's common for retailers to require their suppliers to have a product liability policy explained in the first scenario above because if a product fails as a result of a manufacturing flaw or design flaw, they want to make sure there is a layer of protection between the manufacturer or importer and themselves and that their supplier will be able to handle the financial responsibilities of a product failure including paying any fines or legal defense costs.

Because the insurance industry doesn't recognize software as a product, the product liability that is included with many general liability or business owner's policies won't provide any protection for the types of products and services many of today's technology companies provide.

A policyholder could find itself in the position of recalling on its own initiative or being asked by FDA to recall based on this «reasonable probability» standard, but not being able to satisfy the definition of «accidental contamination» under its specialty policy because it can not prove its product was W With the frequency of costly product recalls on the rise, many companies have considered purchasing specialty recall coverage to secure coverage for certain recall - related losses that are often excluded from general liability and property policies.

After years of tinkering with the state's education policy, including withdrawing from the national Common Core standards, the decisions by the GOP - majority Legislature now pose a political liability, because parents and educators have become increasingly weary of high - stakes testing.

Liability is a policy in financial accounting that defines the share that a particular organization will pay from the profits / benefits in future to the other organization or individual because of past transactions and events.

Umbrella insurance, commonly referred to as excess liability insurance, makes sense because it provides extra liability coverage on all of your currently held policies.

Because you simply file a claim against your own policy for your own losses, resolution is much faster than if you had to pursue a liability claim against someone else and go through the entire process on your own.

If you have an umbrella with a $ 300,000 retention, and $ 100,000 of liability on your tenant policy, you're on the hook for the $ 200,000 difference if there's a claim the umbrella is able to pay out on, because it doesn't start paying until you reach $ 300,000.

That's one of the biggest benefits of renters insurance in Columbia — because it travels with you, it offers personal property and liability coverage wherever you are, subject to the usual terms and conditions of the policy.

Because these costs can quickly soar to hundreds of thousands of dollars in the event of severe injuries, property damage or law suits, a good liability policy is highly recommended.

Liability coverage generally includes defense costs, as well, and most policies pay those without regard to the policy limits because it's in the best interest of you, the company, and other policyholders to prove the liability claim before paying it, in order to avoid large settlements for false or frivolouLiability coverage generally includes defense costs, as well, and most policies pay those without regard to the policy limits because it's in the best interest of you, the company, and other policyholders to prove the liability claim before paying it, in order to avoid large settlements for false or frivolouliability claim before paying it, in order to avoid large settlements for false or frivolous claims.

Either situation could be covered, because liability on a Pennsylvania Renters Insurance policy follows you as an individual.

Failing to purchase a renters insurance policy because you don't own many valuables is a mistake for two reasons: Almost everyone's personal belongings are worth more than they estimate and this philosophy completely disregards the value in liability and loss of use coverage.

Liability coverage is not an option and part of every farm insurance policy because of the risks at hand.

That's because liability is a third - party coverage designed to protect people who are not insured under the policy.

By far the most common way to acquire personal liability insurance is as part of a renters insurance policy, because it's bundled with other coverage you need and because it's comparatively difficult to find a policy that just covers your liability.

In other words, if his policy covered you, you would not have liability coverage for burning down his townhome because you're all be insured under the policy!

That puts you in the awkward position of also being responsible for their portion of the liability loss over and above what your policy is able to pay, because of that joint and several liability.

Your liability coverage could offer some protection, but it would likely only offer protection to you and your new bride (because she's now a «resident spouse» and therefore insured under the policy automatically).

Because of the broad liability protections as well as protections for personal property, it's crucial for every person to maintain his own Nevada renters insurance policy.

Your policy covers liability because it's a large enough risk that almost no one could absorb it out of their own pocket.

The lead attorney representing the plaintiffs argued that this rule does not apply in this case because «the exception to this policy is where the officer personally committed a tort: a wrongful act or an infringement of a right (other than under contract) leading to civil legal liability.»

That's because a renters policy only covers personal possessions, liability and, in some cases, additional living expenses if a tenant suddenly has to relocate.

This is because certain policies may not cover liability related to particular dog breeds, such as German shepherds or rottweilers.

If your policy responds, it doesn't matter if the other person has liability coverage or not because recovery is incumbent upon your insurance company.

For example, if you have a liability - only policy, and your boat is damaged in a storm, your claim will likely be denied because you do not carry comprehensive insurance.

It provides similar liability and personal property coverage to the homeowners policy, except it doesn't cover the dwelling itself because the homeowners policy does.

You (and your insurance company) may have trouble recovering through subrogation against that tenant's policy because you're a party to the policy and not eligible for liability coverage.

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!

When you mention you have a dog, that will influence the choice of policies that you're presented with, because some companies won't accept the liability at all.

Liability coverage on your policy comes to your defense if someone sues you because they thought you caused them injury or property damage, and will both defend you and pay for the loss.

Because if they have their own policy, their liability coverage takes care of them instead of yours.

Your policy would take care of that under personal property coverage, even though he couldn't because he doesn't have liability coverage.

Because the Renters Insurance is designed for the needs of tenants in luxury residences like this one, the policies include personal property coverage as well as a minimum of $ 300,000 of liability to protect yourself.

That said, Borio of the BIS suggested that monetary policy might be better off with a single mandate focusing on growth of liabilities to avoid financial crises, because financial crises cut economic growth severely.

A business umbrella policy differs from a personal umbrella policy because it focuses on specific liabilities businesses face, such as «errors and omissions,» meaning advice or consultation that results in a loss for the client.

While this sounds a little scary to many, it really is sound policy because not doing so creates unnecessary liability issues for the adopting organization:

The court's ruling in this case is especially significant because by revoking the «affirmative defense» policy that lets plants dodge liability for exceeding emissions limits, this decision sets a precedent for how the EPA drafts air safeguards moving forward.

Among the most frequently heard objections to these suits are that 1) municipalities filed these cases because the federal government has refused to act, but that tort cases are no substitute for federal policy action, and 2) that liability for climate damages — if any exist — properly rests with fossil fuel consumers, not fossil fuel producers.

However, Mr. Kraft, the plaintiff in the underlying action, argued that the allegations of liability against Mr. Kelley fell within the policy's scope of coverage because the word «use» in the motorized vehicle exclusion should be construed as meaning «some measure of operational control over» a motorized vehicle, in this case the ATV.

The court held that the second lawsuit did not allege violation of a person's «right of privacy» because the lawsuit only alleged violations of the right to seclusion, not the right to secrecy to satisfy the meaning of «privacy» in a general liability policy.

If there is or isn't liability, it's because we've made a policy decision to allow liability or to not extend the scope of tort liability that far.

The policy would matter, because a third party liability insurance requirement is usually a minimum standard for an insurance policy but doesn't prohibit broader coverage.

Most insurance policies don't cover any kinds of intentional acts, because compensating someone for a loss that they intentional bring into being when you only have to pay for insurance when you plan on intentionally incurring liability is usually a horrible business model.

Traditional insurance policies (e.g. commercial liability, business disruption and commercial crime policies) often do not cover losses and liabilities resulting from cybersecurity incidents, either because of narrow policy language or express exclusions.

Because most claims are covered under an employer's worker's compensation or general liability policy, your case will probably be handled by an experienced team of litigants that rely on the courts to drag your settlement out.

Traditional insurance policies (e.g. commercial liability and commercial crime policies) often do not cover privacy breaches or cybersecurity incidents, either because of narrow policy language or express exclusions.

One recalls policy arguments in favour of liability in defamation that it increases the credibility of the medium — «they wouldn't say this if it weren't true, because they'd be in big trouble.»

Leased employees injured on the job, however, may not be covered under either policy because they neither fit the definition of «employee», while an employer's liability policy may not cover work - related injuries sustained by a leased employee.

Because our Professional Liability Insurance coverage is written on a claims - made basis, if you know of any circumstances which might possibly, at some point in the future, give rise to an insurance claim against you and you want coverage under your Insurance Policy, then