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1 Which of the following best describes an asset A. Anything of value owned by the business B. Always equal to a liability C. Listed on the right-hand side of a balance sheet D. Something that a?
which of the following best describes an asset of a business
Is Loans to staff an asset or liability in a business?
most likely a liability- anything you're risking losing is a liability. an assett is something you gain from.
When is general liability insurance required?
General liability insurance is required for your business as soon as you have something to protect, whether that be assets, sales, employees, a building, etc. We recommend you buy general liability insurance once you have a location, sales, employees, or anything to lose. GL Insurance helps you protect and defend your business from lawsuits.
As a small business owner what do you need to know about liability?
A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause).
waiver of liability?
If you decide to sign a waiver of liability, keep in mind that you will not hold the company responsible for any damages that might incur if anything happens on your property or the business.
What does unlimited liability mean to the owner of a business?
The owner has personal liability for anything that happens. That is whi it is good to have an LLC (limited liability corporation). Mine cost $60 to set up on the state's web site. If a customer is killed in my shop all I can lose is the business, not my home.
Do you have to have a business name to take out general liability ins?
A business name is not required to obtain general liability insurance for your business. It is recommended that you incorporate your business to limit your liability.
What is a by-business?
A by-business is anything which is secondary or subordinate to something else, or any business aside from the main business.
Is A property or liability insurance policy a business or liability contract?
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
Is a loan an asset or liability to a business?
Liability
Where can a business owner purchase business liability?
A Business Owner can purchase Business Liability online at the website of Hiscox. You can go to their website and also get an online quote. You can also purchase Business Liability Insurance online at Geico. They have four Business Insurance options including Professional Liability Insurance.
Business Liability Insurance ?
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile
