S Corporation Versus Limited Liability Company Copyright (c) 2010 Michael JagodaThe LLC is a hybrid entity that combines the personal liability protection of a corporation with the operational ease of a sole proprietorship or partnership. It is also designed to allow business owners some additional choices when it comes to how the LLC will be treated for tax purposes. The formation of an llc is not complex but is more formal than that of a...more
If you're self employed, the law regarding most industries is that you take out liability insurance on yourself, whether you employ others or not. Self employed liability insurance works differently from other forms of insurance, protecting you against accusations of slander and libel. This is the most basic coverage you can get. Professional liability insurance coverage, on the other hand, protects you against law suits, and the protection...more
Understand the Exclusions of Your General Liability Insurance Policy – Don't Be Left Uncovered There's a lot of peace of mind that comes from knowing your small business is insured. But it is important to understand your business's risks and what the various types of business liability insurance are intended to cover.For example, understanding what general liability insurance is not intended to cover is just as important as understanding what it does cover. The ideal time to find out what's covered and what's not is before you purchase a policy. As you consider your policy purchase, determine what is excluded. Once you receive your general liability policy paperwork, it may be tempting to file it away and move on to the next challenge. But, before you let your guard down, take a little time to be sure that your policy covers everything you think it does.Keep in mind the following exclusions found in nearly all general liability insurance policies.General Liability Excludes Professional LiabilityGeneral liability insurance is the most common type of business liability insurance. Basically, it is designed to protect your company in the event that...more
A new light on liability insurance I was researching on the different types of insurance such as medical insurance and I came upon liability insurance. I wasn't really sure I knew much about it so I dug deeper.Business liability insurance is actually a protection for your business from lawsuits or property damages. The liability...more
Business Liability Insurance plans will be essential to preserving the long term future within your business. While this can appear to be a clear-cut, totally obvious fact, numerous businesses nowadays are attempting to spend less cash, and as a result of this decision they determine to postpone their Business Liability insurance protection.To put...more
According to Bob Dylan in 1964, The Times, They Are-a-Changin'. Looking back at the 1960s, it was very innocent, but some important markers were laid down that have slowly build into our modern society. This included the recognition there were times when individual liberty had to be sacrificed for the greater good. A surprising number of people were driving around without any insurance and, when the inevitable accidents occurred, there was no money to pay for the injured to be repaired in hospitals. As more cars were coming on to the roads, all but three states decided to make holding a basic liability policy mandatory. For the record, this is not quite the same as the recent healthcare reforms. In most towns and cities, whether you drive or rely on public transport is a free decision. Deciding to drive is subject to the condition on insurance. Individual liberty is not a freedom to injure someone, and leave him or her without the means of paying for treatment.Perhaps the libertarians were more reasonable in those days, but there were no protests involving the burning of crosses or the brandishing of guns. These laws were not considered controversial. Unfortunately, once on...more
What Is Public Liability Insurance And Why Do I Need It? Public liability insurance is not compulsory for most businesses in the UK, but most organisations have it in place and there are many reasons why this is a sensible idea. The main...more
Combined liability insurance - why are prices increasing? When we talk about commercial insurance, there are two main types of cover, for liabilities and property. Certain types of business may choose to obtain cover for commercial liability...more
Self employed liability insurance is an important investment used to protect your business when you work as an independent contractor. The puzzling maze of insurance plans and policies can at times be a little difficult to navigate. It is essential...more
If you are professional offering services or professional advice, chances are you should consider investing in errors and omissions insurance. Also, referred to as professional liability insurance, e&o policies are designed to cover liability claims...more
Your Soft-Spoken Voice Is Not an Asset - It Is a Liability! Speaking in a normal volume of sound can be especially tricky for the soft-spoken. If you are asked to repeat yourself or are often interrupted, then you should consider remedying...more
Office Insurance - Comfort At A Minimal Price Yesterday evening I was watching certainly one of my favourite "soapies" on television and the story went something like this: One of the individuals who's known to be the bad-guy (or in this...more