An establishment with a high potential for lawsuits
require higher liability limits.
If you're seeking license reinstatement, your state may
require higher liability limits than it does for others.
Your business may also
require a higher liability limit than is typically available through personal car insurance policies.
If, however, your vehicle is used or operated in another state or Canadian province that
requires higher liability limits than the above New York mandated limits or what is purchased, your policy will provide coverage for those limits required by such other jurisdiction.
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.
The AMT essentially places a ceiling on those benefits — if your tax benefits reduce your total tax
liability below the AMT
limit, you are
required to pay the
higher Alternative Minimum Tax amount.
The procedure for employment must include, but is not
limited to, the filing of a complete set of fingerprints as
required in s. 1012.32; documentation of a minimum education level of a
high school diploma or equivalent; and completion of an initial orientation and training program in district policies and procedures addressing school safety and security procedures, educational
liability laws, professional responsibilities, and ethics.
When you're comparing Citrus Heights insurance quotes for your vehicle, check to see if the policies the companies are offering provide the basic
liability coverage
required by California law or standard coverage, which includes
higher liability limits plus comprehensive, collision, insured and uninsured motorist coverages.
Requirements for vehicles over 20,000 pounds: Vehicles that have a gross vehicle weight or gross combined weight in excess of 20,000 pounds, typically commercial motor vehicles, are
required to have
higher liability coverage
limits, per Louisiana law.
Given the
high cost of automobile replacement and / or repair, the purchase of property damage
liability limits higher than the
required minimum
limit of $ 10,000 should be considered by insureds.
If you want the minimum coverage
required by your state, your quote will be less expensive than it would be if you wanted
higher limits of
liability with added comprehensive and collision coverage.
The more coverage you have the less likely you are to run into this issue, which is why most agents recommend
liability limits at least one step
higher than the minimum
required to be legal in your state.
There are minimum financial levels of protection
required by the state for each of these areas of a
liability policy, but motorists are free to carry
higher limits, and many do just that to further protect themselves from possible financial
liability situations.
Drivers
required to have FR - 44 forms must carry
liability insurance with
higher limits than those
required for other drivers.
Some companies may offer you a better price if you have carried
liability limits higher than the minimum
required limits.
A minimum of $ 25,000 per person and $ 50,000 per accident for bodily injury
liability and $ 25,000 per accident for property damage
liability, is
required by law, but drivers are strongly urged to consider
higher limits.
The
limits of such uninsured motorist bodily injury coverage shall be equal to the
highest limits of bodily injury
liability coverage for any one vehicle insured under the policy; provided, however, that (i) the
limits shall not exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident regardless of whether the
highest limits of bodily injury
liability coverage for any one vehicle insured under the policy exceed those
limits and (ii) a named insured may purchase greater or lesser
limits, except that the
limits shall not be less than the bodily injury
liability limits required pursuant to subdivision (2) of this subsection, and in no event shall an insurer be
required by this subdivision to sell uninsured motorist bodily injury coverage at
limits that exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident.
However, if you
require specific commercial auto insurance coverages,
high Liability insurance
limits, operate an unusual vehicle, haul special equipment, transport goods or people, or have other special needs, then you'll need commercial auto insurance.
The
limits of such underinsured motorist bodily injury coverage shall be equal to the
highest limits of bodily injury
liability coverage for any one vehicle insured under the policy; provided, however, that (i) the
limits shall not exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident regardless of whether the
highest limits of bodily injury
liability coverage for any one vehicle insured under the policy exceed those
limits, (ii) a named insured may purchase greater or lesser
limits, except that the
limits shall exceed the bodily injury
liability limits required pursuant to subdivision (2) of this subsection, and in no event shall an insurer be
required by this subdivision to sell underinsured motorist bodily injury coverage at
limits that exceed one million dollars ($ 1,000,000) per person and one million dollars ($ 1,000,000) per accident, and (iii) the
limits shall be equal to the
limits of uninsured motorist bodily injury coverage purchased pursuant to subdivision (3) of this subsection.
Coverage to Protect Your Assets Despite the
required minimum requirements for bodily injury
liability, it is probably in your best interest to purchase
higher limits.
Personal property
limits are at your discretion, but the
liability coverage is
required by the community, which is standard among
higher end communities.
If you currently carry
limits of
liability on your standard policies that are
higher than
required, you may consider reducing them with a personal umbrella insurance policy
Two married drivers (one licensed for 14 years, and the other licensed for 12) who each have a car, commute to work, and have only one traffic violation and one accident between them both will pay an average of $ 1,667.31 for a policy that includes
higher - than -
required liability limits and comprehensive coverage.
Although it is usually a good idea to purchase
higher liability limits, the minimums
required by the state of Maryland are:
Because they are inherently more dangerous to other drivers on the road, you may be
required to purchase
higher liability coverage
limits for bigger, heavier commercial trailers.
You can not buy less than your state's minimum
required by law, but you can buy
higher liability limits.
Although these amounts are legally
required, most insurance professionals recommend carrying
higher limits to more fully protect you against
liability risks.
When you're comparing Citrus Heights insurance quotes for your vehicle, check to see if the policies the companies are offering provide the basic
liability coverage
required by California law or standard coverage, which includes
higher liability limits plus comprehensive, collision, insured and uninsured motorist coverages.
Maine and Alaska are tied for having the
highest minimum
required bodily injury
liability limits in the U.S.. However, in Alaska, the rules do not apply statewide.
Maine and Alaska have the
highest minimum
required auto accident
liability limits in the U.S.
Considering the size and risk these vehicles pose to others however, it is strongly advised that RV owners purchase RV insurance policies with
higher liability limits than are legally
required than it is for those insuring basic commuter cars.
A form called the FR - 44 is similar to the SR - 22 but
requires drivers to carry much
higher liability limits.
If buy
higher liability limits, UM is
required.
In addition to getting
higher limits of
required forms of
liability coverage, you can purchase optional coverage to further protect yourself from financial loss.
That's why it's important to consider bodily injury
liability coverage
limits that are
higher than what your state
requires.
It is important to note that many lenders will
require far more extensive coverage for vehicles that are not paid off, and that most experts recommend much
higher limits (even for those who want only
liability coverage) than the minimums set by the state.
If, for example, you have valuable assets that you could lose in an accident - based lawsuit, you may want to buy
higher liability limits than your state
requires.
Policies with only what the state
requires for bodily injury and property damage
liability protection cost significantly less than those with much
higher limits of coverage.
Maryland House Bill 526 would
require twice convicted drunk drivers in the state to carry much
higher auto
liability limits than the minimums mandated by state law.