Absolute pollution exclusion is a clause in certain insurance contracts that prevents companies from being sued for pollutants under certain circumstances. These contracts do come with certain exceptions that apply. Total pollution exclusion, on the other hand, removes any and all liability for insurance...
The insured cover a named insured (such as an individual or business) that is specified in the insurance contract. The named insured is normally the policyholder. The policyowner can also name additional insureds (such as contractors) and additional named insureds (such as co-owners).11 The ...
Accounts Payable is sometimes referred to as acurrent liability account. This is simply in reference to the fact that the account represents the company’s short-term liabilities. Why Is Accounts Payable Important? Accounts payable is a liability that represents money owed to creditors. It is incl...
If you are self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business. Freelancers, contractors, side-giggers and small business owners typically attach this profit or loss schedule to the
Requires companies working with third parties, contractors, and outside service providers to contractually mandate that those organizations exercise the same level of privacy protection to data shared with them as the first party One of the most significant features of the CPRA is its enforcement. Wh...
Note that a stop work order is different from a stop notice, which is a tool used by contractors in the event that they are not paid. Stop work orders & FAR Federal contracts use the Federal Acquisition Regulation (FAR) to govern non-commercially available goods and services like construction...
This typically arises in negligence or product liability cases. Statutory Indemnification Another type of indemnification is statutory indemnification. This type grants corporations the statutory right to indemnify their directors, officers, and employees, protecting them from being personally liable for ...
https://constructionexec.com/article/understanding-environmental-exposure-risks-contractors-pollution-liability (2017) accessed January 11, 2019 Google Scholar [162] Hamid Molla-Djafari, Gernot Schmid, Helga Tuschl, Letizia Farmer, Georg Neubauer, Michael Kundi, Christopher Gerner, Wilhelm Mosgoller ATH...
Limited Liability Corporation (LLC) licensees should be particularly careful because every person who is an officer, member, manager, or director must be listed as personnel of record with the CSLB. In contrast, other California corporations are required to identify only three co...
A tax write-off is an amount that you deduct to reduce your total taxable income, therefore reducing the total tax liability that you must pay. A tax write-off is also called as a tax deduction. A tax deduction differs from a tax credit in that a deduction is subtracted from your taxab...