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What type of liability insurance should a nonprofit corporation need to carry?
Wiki User
∙ 12y ago
Just one that cover the basic needs, to not expend a lot of money. That way it doesn't loose money paying for insurance.
Wiki User
∙ 12y ago
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What kind of insurance does a self employed contractor need?
A self employed contractor general liability ins., Workers comp if a corporation, but whoever is the bond company they should be able to assist in insurance coverage for the company.
What are reasons that one would need to purchase business liability insurance?
Business liability insurance protects a company's assets from a lawsuit. If a business is high risk or doesn't have enough capital to cover a lawsuit, they should have business liability insurance.
What is proof of liability insurance?
A certificate of insurance , with you named as the cewrtificate holder. However, you should always call the agent listed on the sertificate to verify that the coverage and policy is in force.
What kind of insurance is needed when starting up a small business?
The type of insurance one should get when starting up a small business includes property and liability, workers compensation, retirement plans, health insurance and sometimes life insurance.
Do you need professional liability insurance for your small business?
It just depends on the type of business you are engaged in You should have professional liability insurance if you give professional advice or services. Professional Liability provides individuals and companies protection from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.
You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?
You need a commercial general liability policy.
How should depreciation be treated in budget preparation by a nonprofit corporation?
How should depreciation be handled in a non profit budget?
Should volunteer sports coaches get general liability insurance?
No, because they are volunteering to do it. If they got liability insurance for it, then they should just get paid for doing it.
What kind of insurance does a self employed contractor need?
A self employed contractor general liability ins., Workers comp if a corporation, but whoever is the bond company they should be able to assist in insurance coverage for the company.
Does liability insurance get you money for a car if your car is totaled?
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
What should employers liability insurance cover?
Employer's liability insurance exists to protect an employer from an employee's insurance claims from conditions resulting from work. The insurance should cover medical costs and some lost wages.
Do I need professional liability insurance as a massage therapist?
It is mandatory for a massage therapist to have liability insurance. If you do not currently have it you should definitely contact your insurance company if your current office does not provide it.
How much general liability insurance should a tenant be required to carry?
Liability requirements should be commensurate with the risk expsoure excountered. One might ask, What is the maximum libility exposure of the tenant? This would be the amount of liability insurance to carry.
What are reasons that one would need to purchase business liability insurance?
Business liability insurance protects a company's assets from a lawsuit. If a business is high risk or doesn't have enough capital to cover a lawsuit, they should have business liability insurance.
What's garage liability insurance and its coverage?
Your garage insurance should be covered by home owners insurance or renters insurance. I am not sure you would need liability insurance in a garage though, because no one else would be hurt in there.
What is covered in a commercial liability insurance?
Yourself and the cargo you are carrying should be covered under this insurance. It also protects your company from liability in case of an accident or emergency.
When should you use Inc in your name?
If you are incorporated. If you are a partnership or a limited liability corporation, you should use something else.
