Sentences with phrase «of excess liability»

Commercial umbrella insurance provides an affordable layer of excess liability insurance for your business above the limits provided by standard business liability policies and could mean the difference between staying in business or becoming a lawsuit casualty in situations like this:

Underinsured is similar in that it takes care of excess liability costs when that uninsured driver's liability policy is insufficient to handle all losses.

Employees who take advantage of the PEL benefit do so for a price less than the cost of excess liability programs outside of the benefits program.

GE employees who take advantage of the PEL benefit do so for a price approximately one - third less than the cost of excess liability programs outside of GE's benefits program.

He is the co-author of a book on the Bermuda form published by Oxford University Press, The Bermuda Form: Interpretation and Dispute Resolution of Excess Liability Insurance, joint winner of the 2012 BILA Book Prize awarded for the most notable contribution to literature in the field of insurance law.

How financial advisors arrive at the appropriate amount of excess liability coverage will vary.

Not exact matches

To cover claims in excess of what home and auto policies provide, insurers sell excess liability coverage (also known as an umbrella policy) in increments of $ 1 million.

Only 1 in 10 of those polled had excess liability coverage.

Statutory capital and surplus represents the excess of an insurance company's admitted assets over its liabilities, including loss reserves, as determined in accordance with statutory accounting practices.

Other times, a review of the total of a client's insurance needs can be performed — to determine whether a client sufficient (or excess) life insurance, disability insurance, liability coverage or the right type of medical insurance for themselves and their family.

First, by the end of 2014, following the large - scale asset purchase programs, the Federal Reserve balance sheet was funded by about $ 3.1 trillion in liabilities other than Federal Reserve notes, which were mostly in the form of reserves in excess of the amount banks were required to hold; in contrast, there were only $ 64 billion of non-Federal Reserve note liabilities in June 2007, of which only about $ 2 billion were excess reserves.

Moreover, the company keeps spending money it doesn't have on acquisitions, dividends, and buybacks, so it now sits with almost no excess cash and $ 660 million (68 % of market cap) in combined debt and underfunded pension liabilities.

Excess liability protection is usually in the form of combined single limits, which doesn't set aside a set amount for bodily injury or property damage that the standard auto policy does.

The aggregate purchase price has been preliminarily allocated to the tangible and intangible assets acquired and liabilities assumed based upon our assessment of their relative fair values as of the acquisition date, with the excess of the purchase price over the fair value of the net assets acquired recorded as goodwill, as follows:

The purchase price has been allocated to the tangible and intangible assets acquired and liabilities assumed based upon our assessment of their relative fair values as of the acquisition date, with the excess of the purchase price over the fair value of the net assets acquired recorded as goodwill, as follows:

The aggregate purchase price has been allocated to the tangible and intangible assets acquired and liabilities assumed based upon our assessment of their relative fair values as of the acquisition date, with the excess of the purchase price over the fair value of the net assets acquired recorded as goodwill, as follows:

The C.D. Howe Institute's Bill Robson estimates this represents a total unfunded liability in excess of $ 2 trillion.

When current assets are in excess of current liabilities, the assets are available for carrying on business operations.

With fewer claims being made on their reserves, some of their reserves that were previously «desired reserves» are now seen as «excess reserves,» and Banking Rule # 1 is in play: these now excess reserves can be lent out in the form of a larger supply of bank liabilities (most likely in the form of new deposits granted to borrowers).

The accounts were prepared on a going concern basis and also outlined there had been an excess of current liabilities over current assets of $ 14.8 million.

NAYS Coaches are covered for Excess General Liability while acting in their capacity as coaches in youth sports activities if they become legally obligated to pay for claims arising out of bodily injury, property damage and personal injury.

Excess General Liability: Covers NAYS Officials, but only while acting in their capacity as officials during youth sport activities, which are defined as non-scholastic sports involving participants 19 years of age and younger.

Ranks specialty and geographic location combinations by risk level to determine the allocation of funds from the hospital excess liability pool as the basis for distributing funds.

No County officer, employee, department or other administrative unit or subdivision thereof, or other spending agency shall, during a fiscal year, expend or contract to expend any money or incur any liability, or enter into any contract which, by its terms, involves the expenditure of money for any of the purposes for which provision is made in the budget in excess of the amounts appropriated for such fiscal year or for any other purpose, except as otherwise provided in this code or the local finance law.

Extends Program for one year; authorizes the Department of Financial Services to rank specialty and geographic location combinations by risk level to determine the allocation of funds from the hospital excess liability pool.

The Florida Hurricane Catastrophe Fund has reserves enough to easily cover its Hurricane Irma liabilities — as much as $ 300 million in excess of its $ 17 billion statutory liability limit.

For example, if the employer Class 1 NICs is # 3,000 each month then in April the full annual allowance would be used and an employer would have to pay the excess # 1,000 to HMRC and continue to pay employer NICs liability as normal for the rest of the tax year.

[6] The columns in the table address: a) the vehicle by which funding is delivered (e.g., tax expenditure vs. social program); b) the particulars of that funding vehicle (e.g., payments to individuals vs. program providers or states); c) the dollar value of the benefit to a family; d) whether the tax benefits are refundable (provide refunds to low income families in excess of their tax liability); e) whether the benefits are progressive (inverse to family income); f) the total annual program expenditure that is conditional on children (e.g., spending on housing vouchers that goes to families without children is excluded); and g) the estimated portion of the total expenditure that goes to children under five years of age.

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

Among some of them are discounted personal excess liability (which can be 33 % cheaper than similar umbrella policies elsewhere) for coverage of $ 1MM to $ 5MM.

Implicitly, the funding shortfall when you add in the excess liabilities from the entitlements is 400 % of GDP.

This could arise, for example, where a fund has a single asset supporting retirement - phase liabilities that must, because of a transfer made to reduce a member's expected excess transfer balance on 1 July 2017, also support an accumulation phase interest.

Still, the Fed also earns an interest spread between its assets and its liabilities, providing about 3 % annually (as a percentage of assets) in excess interest to eat through, which would allow a further 50 basis point rise in interest rates over a 12 - month period without wiping out that additional cushion.

Is it as simple as subtracting Current Liabilities from Total Cash, since it would be advisable for a company to keep enough cash on hand to meet these types of liabilities, and therefore this portion would not be consideLiabilities from Total Cash, since it would be advisable for a company to keep enough cash on hand to meet these types of liabilities, and therefore this portion would not be consideliabilities, and therefore this portion would not be considered excess?

Extra capital can help, but it is usually not enough when there is a run on short - term liquidity, particularly because capital is the excess of assets over liabilities.

If you have assets in excess of $ 500,000, you can even consider an umbrella liability policy.

Excess liability protection is usually in the form of combined single limits, which doesn't set aside a set amount for bodily injury or property damage that the standard auto policy does.

Umbrella and excess liability policies provide the additional protection you need in case a judgment against you exceeds the liability limits of your existing auto, home, or other insurance policies.

Your auto insurance plan includes third - party liability coverage, but you can still sue an at - fault party for additional compensation in excess of the standard no - fault benefits if your damages warrant such action.

According to the Insurance Information Institute, «dog bites (and other dog - related injuries) accounted for more than one - third of all homeowners insurance liability claim dollars paid out in 2014, costing in excess of $ 530 million.»

CRC's bankruptcy is not necessarily a problem for an investor if the assets are sufficient to pay out the liabilities and leave some residual value in excess of the current stock price.

We defined ROIC as the past 12 - months operating income divided by the sum of net working capital (current assets minus excess cash minus current liabilities) and net fixed assets (total assets minus current assets minus intangible assets).

A balance sheet item that represents the excess of the company's assets over its liabilities and shows shareholder's interest in the company.

I did want to quickly make clear that the roughly $ 7 in excess cash I used in my valuation is net of the deferred revenue liability (i.e., it is the amount of excess cash that the company will not need to run its day to day operations and hence can not be recalled so to speak by cancelled contracts).

Personal liability policies with no other coverage are hard to find, unless you need excess coverage in the form of an umbrella.

An umbrella policy is a liability policy that provides coverage in excess of the liability on your existing Renters Insurance or auto coverage.

By law, your auto insurance plan carries third - party liability coverage, but you can still sue an at - fault party for additional compensation in excess of the standard no - fault benefits should your damages warrant such action.

Liabilities of creditor making excess finance charge; failure to obtain license; damages for deliberate violation or reckless disregard; written notice of violations; oral statements not admissible; fiduciary duty not created.

As long as working capital is not overstated and operations are not rapidly consuming cash, a company could liquidate its assets, extinguish all liabilities, and still distribute proceeds in excess of the market price to investors.

A number of liquidity tests are performed to ensure that current liquidity resources are well in excess of expected needs in the short - term and long - term, without relying on new liability issuance.