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What else can I help you with?
What the meaning of liability?
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law., That which one is under obligation to pay, or for which one is liable., the sum of one's pecuniary obligations; -- opposed to assets.
Do the bus company pay for bus accidents?
Typically, a bus company is responsible for covering costs related to accidents involving their vehicles, including damages and injuries, through insurance. However, liability can depend on the circumstances of the accident, such as negligence or violations of traffic laws. In some cases, the company may seek reimbursement from a driver or other parties if they are found at fault. It's essential for individuals involved in such accidents to understand their rights and seek legal advice if needed.
Who is at fault for insurance purposes if the driver you hit has no license and is charged with hit and run for leaving the scene?
If you caused the accident, you owe for the legal liability, the other matters are civil & not involving the liability portion of the insurance. They still have a duty to pay.
Does insurance pay for your car if it burns you?
Kind of an odd question. If you get burned from something on your car, that isn't caused by a mechanical fire , I doubt if your insurance company would pay you anything. Their liability is for accidents and damages done to other cars in traffic accidents. You need to provide more info for a better answer.
What insurance is the most important for small businesses?
The most important insurance that a small business can have is public liability insurance as accidents can happen and this is the most common accident that will happen that will result in a pay out.
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.
Is interest due during a tax dispute?
It depends upon the result of the dispute. if the liability to pay tax is confirmed on an appeal, interest accurues even during the period when the liability is in dispute. Because the liability to pay is there before the dispute and after the dispute. If the liability is deleted on an appeal, there is no liability to pay tax before the appeal and after the appeal. When there is no liability there is no interest there upon.
Can liability insurance cover fines and penalties?
If your asking will your auto liability insurance pay for a traffic citation, No. They don't pay for the illegal acts of the insured. Your auto liability insurance is accident insurance.
Is accrued vacation pay belong to current liability?
No, it belongs to non-current liability
What is the difference between liability and medical coverage under homeowners?
Liability = Legal Obligation to Pay. Medical Expenses = Moral Obligation to pay.
What can you do if you have liability who was hit by someone with liability insurance?
If you have liability for an accident, you will need to contact your insurance company. If you do not have liability insurance, you may need to pay for the accident out of pocket.
How do you use liability in a sentence?
The injury made him a liability to the squad. Liability insurance will normally pay claims by other drivers if you have an accident.
