Suppose, working as an independent contractor, you design a customer database for a client. Imagine an unexpected glitch keeps anyone in your client's company from using the database for two weeks. Do you think you could afford the damages you could have to pay if the client sues you, claiming to have lost $500,000 in sales because your system didn't work? That is just one reason why you need general liability insurance for independent contractors.
You may believe it could never happen to you. You might believe your software could never completely fail. You may think your solution could never introduce a virus into a client's system or allowed a hacker to access the system or that you would never miss a deadline on a crucial assignment.
The
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This is especially true because jobs and technologies are so new, and the law is just now being shaped and defined. As a result, there is no clear standard you can use to defend your company that would show what a person could reasonably expect from your services. Dissatisfied clients could sue you. You could be sued if a client isn't satisfied with the job you have done, whether or not the claim would be valid. The client may believe your service or product should do something different than it does, even if his expectation is unreasonable. You may believe the product works perfectly. If the two of you can't negotiate a solution, you may be sued. Dishonest clients who have well-staffed legal departments may sue you--simply to avoid paying you for your services. Can you imagine explaining the situation to a judge, who may not understand technology? You can see why liability insurance can be so beneficial. You could also be sued for something you did (an error) or something you should have done but didn't (an
In the world today, computers are used in every field. Be it a major space exploration or a small chore like cleaning our room. The use of computers has made our lives easier but at the same time a computer failure can make our lives miserable too. We trust computers more than we trust anything else these days. We use computers to communicate, share personal information, buy goods online, etc. We also trust computers with our safety. Starting from house alarm systems and other safety devices we have now moved on to using computers to Test Car Crashes.
When new and potentially unfavorable laws are enacted, there is usually an immediate scramble to avoid the negative impacts it may bring. However, as a general contractor, claims cannot be fully avoided. Thus, much like insurance, the best practice is to implement procedures that reduce the possibility of a claim.
Car insurance is a very important aspect of driving that all motor vehicle owners should look into. It is underutilised with only around 35% of all road users having had their motor vehicle/s insured. This leaves many drivers in financial debts as they are unable to pay, either the medical expenses due to a collision or the physical damage done to the vehicle, as they are not covered.
“Insurance tends to increase demand and make patients less price sensitive, which increases prices overall.”
On December 12th 2012, round 5.40pm, my client, Mrs J. Smith, was involved in a car accident, which has caused her to be off work since the accident due to a broken back and several major surgeries. The accident was caused by the negligence of your client, Mr J. Sherwood, who was reported, by Mrs Smith, to be driving while ‘texting on his phone’, which led to him to crash into her car, as he did not spot at the red lights. In the previous letter I had sent, I stated what the liability requirement in the tort of negligence were, regarding this case. Now I am going to apply these criteria to the case in question. Firstly, there is evidence that the offender, Mr Sherwood, owed my client a duty of care, which he breached. The offender should have been driving reasonably, as he is an ordinary person doing a task, driving. The first part to check if a duty of care is owed is foreseeability, and it is clear that it was foreseeable that such accident would happen, as driving while using a hand-held phone would be classed as careless or dangerous driving, as the person capacity to drive would be lowered, due to them not being focused on the task, which in this case lead to a c car accident, and serious damage to a person, physical as well as mental, including the car itself.
Medical expense insurance is health insurance that protect insured against the risk of high health care cost by pooling risk for some or all of the insured. It generally cover any cost incurred in the prevention as well as treatment of injury or disease. Its coverage of hospital expense include dental care, hospital visit, drug expense, surgical expense within a certain limited. If insureds have poor health or certain health history, premiums are likely to be higher or uninsured. Insureds are still required to pay all or part of medical expense by themselves depending on the minimum deductible expense of the policy. If the medical expense excess the deductible amount, insureds are required to pay first deductible to the medical institution,
Of Lords held that Salomon & Co Ltd. was not a "sham". As the debts of
Guide to Premises Liability Law at Cash and Carry Outlets The environment at cash and carry outlets has its own inherent possibilities of injuries by nature; though, when a possible risk or danger is linked with cash and carry store property, whether it is in market or residential area, it can be legally responsible in case any person gets badly injured at the same time as going to cash and carry store for shopping. All over the United States, any store owner is considered liable for the conditions of their premises. They are considered likely to keep their floors free of risk and take the essential safety measures to avoid injuries to customers. A lot of factors of personal injury law come under premises liability law.
Analysis: The benefits of whole life insurance policies are the policy accrues cash value, premiums unchanged during the insureds lifetime, and the insured has the right to use the cash value option (Koch, 2011). The insured can take a loan against the cash value of the policy. The disadvantages of the whole life policy would be the savings advantage of the policy is a lower interest rate than other savings accounts or invest funds (Insurance Buffs, n.d.). If the insured takes out a loan against the cash value, the death benefit will be reduced in the amount of the loan if the insure dies during the policy effective dates. The low interest rates on money that is invested, the policy is more expensive, and no investment option on where your money will be invested (Huntley, 2015).
Millions of U.S Americans are uninsured and don’t know why it’s so important to get covered. Most people need medical care at some point in their lives whether it’s from getting sick or getting hurt. We don’t want these things to happen, but you never know what life throws at you. The benefit of having health insurance protects you from unexpected, high medical cost. They cover most, or even all, of the cost and offer many benefits.
A life settlement, also known as a senior settlement, is a valuable financial transaction that allows you to convert your life insurance policy into a cash valued asset. Your life insurance policy can now be used and sold just like any other asset such as real estate or stocks and bonds. This process works by the backing of major financial institutions that buy individual policies and combine them to create a low-risk, high-yield investment platform that allows you to turn a life insurance policy into an asset. In order to determine if you are eligible, and if the transaction makes good financial sense for you and your family, you must own the life insurance policy and you should be able meet a few criteria.
Knowing how to drive a car myself, I can’t expect an accident to occur. It just happens without your knowledge and sometimes without your fault too. It’s better to take precautions just in case such a thing happens. This will surely help you financially for the repairs of the vehicle.
Commercial Truck Insurance Commercial truck insurance involves covering of a small or an owner operates offering trucking-services. Geared basically towards large companies, insurance can cost a firm owning only one or two trucks a lot of money. The truck insurance options differ depending on the type of the truck, the risks incurred, the goods carried, the truck type as well as driver’s experience. The insurance package you opt for your business will likely have various types of coverage and getting information about how these options work will definitely help you choose the one suit your needs.
Real Truth about Cheap Car Insurance UK Today cars have turned into a need of verging on each family unit as a standout amongst the most agreeable method for individual transport. While running out and about, it involves a few dangers of mishaps, burglaries and harmed to property because of the individual driving it or alternate drivers where you may need to acquire a substantial measure of your well-deserved cash as harm. Car insurance is, accordingly, an umbrella that offers security to your assets amid such grievous occasions. There are several insurance organizations gliding around in all sides of the nation that are giving car insurance. Some are huge players in the field noticeably unmistakable practically in all promotions while
For many Americans, having good health and good health insurance is very important to them. For those that have health insurance and utilize it, the likelihood of early detection and management of chronic illnesses improves. There are different ways people can get insurance. Those that are employed usually purchase insurance through employment-based groups. Then there is the option of several government funded programs for those that are unemployed, low-income, elderly, or disabled.