Open source software can pose liability issues. Unlike commercial software, which is fully controlled by the vendor, open source rarely contains any warranty, liability, or infringement indemnity protection. This leaves the consumer of the OSS responsible for maintaining compliance with legal obligations...
Public liability insurance protects individuals and businesses in case a claim is made against them for third party injury or property damage. The policy will cover compensation and legal expenses up to a specified maximum limit of indemnity. Public liability cover may be included within your policy...
AHigh-Deductible Health Planis similar to a catastrophic plan in that it enables you to pay less for your health insurance. You have higher out-of-pocket costs when compared to other plans, but it can fall under the category of an HMO, PPO, EPO, or POS plan. You may want to use a...
Choosing a plan is different for everyone. The amount of in-network providers, and the flexibility to go out of network may be hugely important to some people buying a health insurance plan. Luckily, when shopping on eHealth, you will get the information you need in order to ma...
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Definition of the day February 26, 2025 Trending Terms Agency by Ratification Agency by Estoppel Insurance Risk Risk Retention Groups Principle of Indemnity Elements of an Insurance Contract Dictionary Terms A B C D E F G H I J K L M N O P Q R S T U V W Y Z About Us Dic...
This is a fundamental change in terms of capital contribution obligations. Now, for the foreign investor in joint venture deals, it is important to require in the relevant transaction documents an indemnity from the other ...
Accordingly, life insurance is generally not considered to be indemnity insurance, but rather "contingent" insurance (i.e., a claim arises on the occurrence of a specified event). There are generally two types of insurance contracts that seek to indemnify an insured: an "indemnity" policy, ...
Organizations should have an incident response plan that is implemented when a breach does occur to identify, contain and quantify the breach. Responding to a breach well is the most important thing, here's what you need to do: 1. Ensure the Breach has Stopped Before you do anything, you ...
Fixed indemnity insurance is a type of health insurance that pays out a fixed benefit for each healthcare event, regardless of the actual costs insured. A fixed indemnity plan might pay a certain amount of money for each hospital admission, or a certain amount for each day of hospitalization....