This article focuses on the Professional Indemnity Insurance Scheme sponsored by the Institute of Chartered Accountants in England and Wales for its members. The purpose of this article is to present the reason why t...
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The company faced liability for the environmental damage caused. 11 Indemnity A guarantee against loss or damage, often financial. The insurance policy provided indemnity against theft and fire. 11 Liability Can arise from negligence, breaches, or statutory duties. The driver’s liability in the acc...
Define Parent of the Company. means any corporation, other than the Company, in an unbroken chain of corporations ending with the Company if, at the time of the granting of the Option each of the corporations other than the Company owns stock possessing
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The American Heritage® Roget's Thesaurus. Copyright © 2013, 2014 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. Translations Spanish / Español Select a language: ...
The static market has been favourable for policyholders, with costs staying low and plenty of competition making arranging competitive cover relatively straightforward. Growth has continued, despite a lack of overall profitability for professional indemnity insurance (PII)...
Appropriate insurance coverage can make or break a brand. Review this guide to gain perspective on what indemnity coverage entails and how it may benefit your company. What Is Professional Indemnity Insurance? Before you can take advantage of this type of policy, you first need to understand wha...
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. Want to thank TFD for its existence?Tell a friend about us, add a link to this...
Indemnity may be paid in the form of cash, or by way of repairs or replacement, depending on the terms of the indemnity agreement. For example, in the case ofhome insurance, the homeowner pays insurance premiums to the insurance company in exchange for the assurance that the homeowner will ...