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What do you mean by internal and external liability of the company?
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
What does a credit balance on partner's current account mean?
current liability
What does it mean a married couple filing a joint tax return has joint and several liability for the taxes associated with the return?
It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
What does payroll mean?
Payroll is a list of employees and their salaries.
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
Give a breif History of Liability Insurance?
Liability Insurance started with employees within the industrial times.
Can culture be liability to an organization?
culture can be a liability to an organisation where organisation does not value different cultures of their employees or diversity
Can culture be a liability to an organization?
culture can be a liability to an organisation where organisation does not value different cultures of their employees or diversity
How do I get general liability insurance?
Compare general liability insurance quotes from multiple providers. Learn about liability insurance in our free buyers' guides to business insurance.Hiscox specializes in general liability insurance for businesses with 10 employees or less.
What doctrine holds physicians legally responsible for negligent acts of their employees?
The doctrine that holds physicians legally responsible for negligent acts of their employees is called "vicarious liability" or "respondeat superior." Under this doctrine, employers are held responsible for the actions of their employees that occur within the scope of their employment.
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.
What are the guide lines for general liability insurance when hiring employees?
What are the Underwriting guideline's for general liability insurance when hiring employee's and considering their Motor Vehicle Reports?
What do you mean by internal and external liability of the company?
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
What does limited liability mean to corporations mean?
When an investor's liability is limited only to the initial investment
What is the difference between employers' liability insurance and public liability insurance?
The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.
Could a cleaning service use a liability waiver in place of insurance if were not planning to hire employees?
no
What is the ratio of the insurance cost of Worker's Comp to Liability Insurance?
Usually workers comp is less than the Liability Insurance. The Liability is based off of the gross receipts where as the workers comp is the number of employees and their hourly rate.
