Sentences with phrase «of business liability»

Now that you better understand what types of insurance your business may need, use these five helpful tips from netQuote to keep the cost of business liability insurance coverage from blowing your budget.

As with other types of business liability insurance, it usually also protects from costs associated with groundless claims.

You've worked hard for the success of your business — and a single unfortunate event could put its assets at risk if the cost of a covered claim exceeds the limits of your business liability insurance.

With over 45 years of experience and more than 30 types of business liability and vehicle insurance coverages, we can help you customize your commercial insurance quotes with exactly what you need, when you need it.

You should look into business property insurance, a type of business liability insurance.

Some of Business Liability policies include: Commercial General Liability Insurance (CGPL); Business Automobile Policy (BAP); Employers Liability and Workers Compensation; Manufacturers and Contractors Liability (M&C); Owners, Landlords and Tenants Liability Insurance Policy (Ol & t); and Physicians, Surgeons and Dentists Professional Liability.

This type of business liability insurance (often call Commercial General Liability) is not a Professional Liability - errors and omissions - policy.

With over 45 years of experience and more than 30 types of business liability and vehicle insurance coverages, we can help you customize your commercial insurance quotes with exactly what you need, when you need it.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

If you remove the need to income split by taxing the family unit of those in married or living common - law relationships and then adopt a flat tax for everyone — say 20 % — there really is no need for small business to incorporate, except for perhaps liability issues.

Entrepreneurs like limited liability companies because they protect owners from having their personal assets seized by creditors of the business.

Dig Deeper: Choosing the Limited Liability Company as Your Corporate Form Case Study: Why an S Corp Might Be the Better Choice While Turner's story is a compelling one for a smaller, lifestyle business, the truth is that fast - growing businesses that plan to bring on investors or share the ownership of the company with employees may need to consider making the switch to an S corp sooner rather than later.

General Liability Insurance: Many business owners purchase general liability to cover legal hassles that typically come about due to claims of negligence, or when you're being sued or faced with the threat of aLiability Insurance: Many business owners purchase general liability to cover legal hassles that typically come about due to claims of negligence, or when you're being sued or faced with the threat of aliability to cover legal hassles that typically come about due to claims of negligence, or when you're being sued or faced with the threat of a lawsuit.

There are some restrictions on the types of business that you can set up as a limited - liability company.

Net written premiums of $ 574 million increased 6 %, reflecting an increase in domestic surety premiums, continued strong retention and an increase in new business in domestic management liability, while renewal premium change remained consistent with recent quarters.

This decision is crucial in terms of the tax consequences, the authority given to individuals associated with the company, and potential liability (that is, the financial responsibility) for each person connected with the business.

While they may feel like a liability to you as a business owner, receivables serve as a form of hard collateral that a lender ultimately views as an asset on your balance sheet.

You can decide the scope of your child's business and your family's liability protection needs.

In any case, she suggests, the SBA's role in the American economy is statistically insignificant — less than 1 percent of all businesses receive SBA loans each year — yet constitutes unfair competition to businesses that don't need such help and a potentially huge liability to taxpayers should the economy tank.

A major disadvantage of doing business as a general partnership is that all partners are personally liable for business debts and liabilities (for example, a judgment in a lawsuit).

Make sure you have a considerable amount of capital set aside, especially because in a sole proprietorship you assume personal liability for all activities of that business.

Your business's legal form of operation (sole proprietorship, partnership, corporation or limited liability company), when it was founded, the principal owners and key personnel

In the United States, more than 2.4 million small businesses are set up as a limited liability company (LLC) for the purpose of limiting personal liability and protecting the owner's personal assets in the event of business failure.

The downside to an LLC, however, is that it forces the business owner into higher tax liabilities, as distributions from an LLC are taxed as ordinary income with rates as high as 37 percent, at the federal level, and 13.3 percent at the state level, for a combined federal / state tax of 50.3 percent!

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Principal documents that should be submitted by the entrepreneur who hopes to start a new business include: resume (and resumes of any other key people involved in the proposed enterprise); current financial statement of all personal assets and liabilities; summary of collateral; proposed operating plan; and statement detailing revenue projections.

After the assets are listed, you need to account for the liabilities of your business.

Step 4: Assess Your Business's Liability According to the Bureau of Labor Statistics, more than 1.2 million people reported nonfatal occupational injury and illness cases that required days away from work to recuperate.

Protect yourself by doing business only with one of the many established and reputable companies that provide this service, asking for references and, if possible, using a credit card for payment to protect yourself from liability.

A standard business owner's policy should cost around $ 1,000 annually, and covers some basics like liability, business property, and loss of income due to a disaster.

The 200 - year - old business went into compulsory liquidation at 0600 GMT after costly contract delays and a slump in new business left it swamped by debt and pensions liabilities of at least 2.2 billion pounds ($ 3 billion).

Consider also instilling monthly financial reporting, maintaining a repository of all contracts of customers, employees, and suppliers, and keeping a formal record of all business commitments, contingent liabilities, IP restrictions, etc..

There are many types of business structures, and sole proprietorships don't have the kind of limited liability that others have (in other words, if your business gets sued, your personal possessions aren't protected).

The disclosure said that the company may face product liability claims due to «failures of new technologies that we are pioneering, including autopilot in our vehicles,» adding that «product liability claims could harm our business, prospects, operating results and financial condition.»

• Casualty insurance protects a person or business against legal liability for losses caused by injury to other people or damage to the property of others.

As a sole proprietor, the owner is taxed once but is personally exposed to all of the liabilities of the business.

Great idea, except when you consider the 20 percent annual percentage rate or start commingling your personal and business finances and creating a host of liability issues you do not need.

And therein lies the key drawback of these basic forms: You have unlimited liability for your business's debts.

If your company is a corporation or limited liability company (LLC), you should never co-mingle business and personal checks for fear of losing the limited liability that these entities provide - that business account should be opened now, without delay.

Remember that if you're hiring a freelance photographer to work on location or in your business, they should have some form of liability insurance in case anything is broken or damaged during a photo shoot.

In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities.

They are aware of the methods business owners use to legitimately and illegitimately take money from corporate coffers without inflicting payroll tax liabilities.

«A prolonged AWS service disruption» — like the one at the end of February — «could damage our reputation with current and potential customers, expose us to liability, cause us to lose customers or otherwise harm our business,» Okta notes.

Let's also assume that you've concluded it would be advantageous to operate your small business through an entity that limits the personal liability of all the owners — even if following this strategy involves a bit more paperwork, complexity, and possible expense.

Regardless of the time of year, limited liability is always a great reason to formalize your business.

One of our respondents expressed this frustration: «Although we are squeaky clean in terms of financials (no liabilities, etc.), and have been in business for five years, we can not find banks to lend to us without giving up our firstborn, so I am using my savings to finance the business.»

As the details of this plan become known, and as the political response builds from people who fear their taxes will be raised, and as they build a coalition with special interests who would lose out from other aspects of the proposal (like investors who do not like the proposed limitation on the deduction of business - interest expenses), this plan will become an enormous liability.

Estate taxes, which currently can reach 55 % or higher in some states, can kill even the most promising of fast - growing businesses by forcing heirs to sell prematurely to meet tax liabilities.

Schorr cautions that LLCs won't fit every company's needs: «Because of the limited number of states that have enacted LLC statutes, and the lack of case law, companies that do business in a range of states run the risk of encountering a state that wouldn't recognize the limited liability of the partners.»

The balance sheet provides a snapshot of the business's assets, liabilities and owner's equity for a given time.