Large insurers, meanwhile, are more worried about general liability insurance, which is not covered now.
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Moreover, corporations are also paying far more for general-liability insurance these days.
Then in 1811 New York state brought in a general limited-liability law for manufacturing companies.
Moreover, the doctor is being rewarded in the primaries for a position that looks, at the moment, a liability in the general election.
It is not a federally exempt nonprofit corporation, a C corporation, an S corporation, a limited liability company, a general or limited partnership.
The Justice Department is pressing state attorneys general to release the banks from liability for a host of alleged violations in exchange for a far-reaching settlement, people familiar with internal discussions said.
The right is generally happy to devolve decisions about education or health care to the states, notes Charles Fried, a professor of law at Harvard and former solicitor-general, but not product-liability rules and other forms of business regulation.
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One involves reinsurance sold by General Re for years to a professional-liability insurer in the state of Virginia, now bust and with unpaid liabilities.
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Also like a sole proprietorship, a general partnership doesn't protect against personal liability and in addition, partners are held responsible for the actions of the other partners.
Known as the General Aviation Revitalization Act of 1994, it limited product liability to 18 years.
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Sensible enough in concept, the definition is maddeningly vague in application, largely because it is based upon a 1974 General Assembly resolution that was aimed at guiding state conduct, not defining individual criminal liability.
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Many partners, especially those starting retail or service businesses, will choose to establish a general partnership, although they might also consider forming an LLC or corporation to protect liability, receive different tax treatment or other reasons.
Moreover, while most of the original claims were filed under product-liability clauses, where liabilities are capped, the later claims are being filed under general work-environment clauses, which impose no limit on awards.
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