Which of the following can help to mitigate the cost of professional negligence? a. Obtaining indemnity from the client b. Having a professional liability insurance c. Obtaining indemnity from the attorney d. All of the above

Q: Which of the following is not a requirement for expense reimbursements to be an accountable plan?…

A: Reimbursement plan complies with IRS regulations, according to IRS regulations, a reimbursement plan…

Q: may an action arising from negligence be waived? explain

A: Negligence refers to very small and insignificant result which needs to be inspect or check. The…

Q: Is disaster insurance unfair to insurance companies ? Explain your answer and provide an example.

A: Disaster Insurance The meaning of disaster insurance is is different from the life insurance which…

Q: Define and explain the nature and concept of the current liability and non-current liability.…

A: Entity have two types of liability a short term liability and a long term liability . The difference…

Q: Briefly comment on the following questions or statements. a) Describe approaches to minimizing legal…

A: a) Legal liability refers to  a situation which is answerable or responsible in law. It covers both…

Q: 4. Which of the following is truè õf a Olt is a potential liability that depends on a future event.…

A: Solution: A contingent liability is a potential liability that may result in outflow of resources in…

Q: Worker’s Compensation will pay for   Medical treatment for the insured’s spouse Medical treatment…

A: Worker's Compensation serves two purposes, they are The policy assures that if an employee gets…

Q: Explain the purpose of damages as a remedy for breach of contract in our law. Also explain how…

A: The purpose of contract remedies is, for the most part, to compensate the non-breaching party for…

Q: Which one of the following code of ethics, shows the way to professional accountant to comply with…

A: Code of ethics are referred to as the set of rules that are being provided to the professional so…

Q: Section II ( personal liability) Coverage under a homeowner's policy provides coverage for…

A: Section II ( personal liability) Coverage under a homeowner's policy provides coverage for following…

Q: 3, Which of the following principles of insurance denotes a positive duty of the person seeking…

A: Utmost good faith principle of insurance: As a general rule, insurance contracts are governed by the…

Q: Which of the following is a condition of a commercial general liability policy? Intentional act…

A: Solution: The conditions of the CGL policy includes provisions for duties related to claims, to…

Q: one of the rights found in the Human Rights Act 1998 and analyse a situation, real or fictional,…

A: Employees can exercise the rights which are given under Human Rights Act 1998 means they have the…

Q: ame a personal liability that someone might have and identify whether it's a current or long-term…

A: A person or organization's personal responsibility is the amount of money owed to them. Taxes,…

Q: The law is that which must be obeyed and followed by members of a society subject to sanctions or…

A: Laws governs and administered the system of a country. It defines what is right and wrong, what is…

Q: How would you handle an ethical violation committed by one of your employees?

A: Ethical Violation: In a nutshell, an ethical breach is anything that is - stated, written, or acted…

Q: MATCH WITH THE  BEST ANSWER Liability Insurance Mistakes happen. You, your employees, your…

A: Insurance: It is an agreement between two parties where a party undertakes to cover the other party…

Q: Which one of the following options best describes the Egg Shell Skull Rule? Select one: a. The…

A: The question is multiple choice question and is related to tort law system. It is a legal doctrine…

Q: The following are grounds for liability to pay damages, except:     a. Negligence b. Fraud c.…

A: The following are grounds for liability to pay damages Negligence Fraud Contravention of the tenor…

Q: The elements of a claim of Negligence are O Causation and duty O Proximate cause and actual cause O…

A: Negligence refers to the situation where proper care is not taken for something.

Q: Please summarize tthings that CPAs can do to limit their liability and prevent lawsuit

A: CPAs are certified public accountants. In other words they are licensed accounting professionals who…

Q: Which of the following is NOT a contingent liability? a. Pending law suit for property damage b.…

A: Introduction: Contingent liability: A liability may or may not occur on future uncertain event. As…

Q: All of the following may request a fair hearing on the issue of undue hardship with respect to…

A: As per the provision given in federal social security act, there is a section 1917 according to it…

Q: What factors must be considered in determining whether or not to record a liability for pending…

A:

Q: must prove against the defendant under the negligence doctrine of product liability. Is everyone in…

A: PRODUCT LIABILITY: NEGLIGENCE…

Q: TRUE OR FALSE EMPLOYEES CAN BE CONSIDERED BOTH AN ASSET AND A LIABILITY

A: Asset and Liabilities are the backbone of a firm , as they give a clear picture of a company's…

Q: 2. When two or more policies cover the same loss, the right of the one insurer to call upon the…

A: The following are some of the Principles of Insurance Principle of Contribution Principle…

Q: Insuring clause in an Accident & Health policy states which of the following information? A. The…

A: There are different clause in the insurance policy that what is covered and what is not covered and…

Q: The following are payment components of the RVU except: A) Malpractice expenses B) Physician's…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following is NOT a valid type of compensation for breach of contract? Select one: a.…

A: A contract is an agreement between two or more parties in which one party is bound to perform or not…

Q: tell me why the use of reinsurance contributes to the solvency of the ceding insurer.

A: By ceding a portion of their risk, ceding companies reduce their overall risk exposure and…

Q: person not contended with the actions of the rehabilitation receiver may sue him in courts other…

A: In the given case The person shall not be contented with the actions of the rehabilitation..

Q: A person behaves in such a way that it benefits the maximum number of people and minimize pain. This…

A: Explanation : Utilitarianism can be understood as a set of utilitarian ethical philosophies that…

Q: is taxable?  A. Proceeds of life insurance received by heirs B. Excess amount received over…

A: Taxable income: Taxable income is the income which are subject to payment of taxes. Therefore, any…

Q: Briefly comment on the following question or statement. (a) Describe approaches to minimizing legal…

A: Liability refers to as financial obligations in which the person or entity owes to another person or…

Q: The law of torts is concerned with: O negligence. nuisance. trespass. All of the above.

A: Law of torts is a law to protect a person from the careless activities of another person.

Q: What is the maximum penalty for a licensee who has intentionally violated the insurance code of…

A: the event that the action by the Insurance Commissioner is to nonrenew or to deny an application for…

Q: In which of these situations might moral hazard arise? a) Insurance companies fail to calculate the…

A: Moral hazard is the when a company protected through insurance or legislation will take more risk as…

Q: To receive coverage for bodily injury resulting from an accident with a stolen vehicle, an…

A: Auto insurance also called motor insurance is the type of insurance that is used for insuring a…

Q: A lawsuit is an example of a contingent liability for the defendant. O True O False

A: Contingent Liabilities are the liabilities the outcome of which is unknown.

Q: When it comes to a manufacturer who is negligently manufacture goods, a. only the consumer who…

A: The consumers expect the day to day products to be safe and harmless. If their is any negligence in…

Q: Liability arises from all of the following situation except A negligent act Breach of duty…

A: Liabilities means the dues or obligations of the business organisation, which needs to be settled or…

Q: Placing the insured in the same position financially as he or she or it was in immediately before…

A: The insurance companies are the form of financial institutions who provide coverage amount to the…