Paul Travelers is a leading provider of commercial property-liability insurance and asset management services.
" It transforms an old, deteriorating, below-market property from a liability to a "prewar trophy building.
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That gives them leeway should they want to bring in another partner and helps protect their personal assets should there be a freak accident and large liability judgment levied against a property.
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But the animals are also a potential liability in trying to sell the property.
Beyond insurance, the best way to prevent this in most states is to put your property into a limited liability company.
Legal academics call this substituting a property rule for a liability rule.
Business risks such as strikes, productivity or the failure of oil and gas exploration will in due course be covered as routinely as are property and workers' liability.
The Industrial Lines segment includes insurance products such as liability, motor, accident, fire, property, legal protection, marine, special lines, and engineering insurance for large and mid-size enterprises.
Turner and its parent, subsidiary, affiliated and associated companies accept no responsibility or liability for injury or loss to any person or property relating to the award of any prize.
Landowners worry about what happens if a rafter (who has probably signed liability waivers with the rafting company) gets hurt on their property.
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However, most property in the City is occupied by limited-liability companies.
The Thomsons set up their partnership as a limited liability company, which is often the best way to hold real property.
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If the economy were then in a dire state, equity and property prices would have plunged and the assets would not cover the liability.
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The idea of the new Brownfields law was this: To encourage redevelopment of the 450, 000 brownfield sites that would otherwise lie fallow, the government needed to provide liability protection to developers who took certain reasonable steps before and after buying a property.
The downside to this is that Community Property is subject to the claims of the creditors of either spouse, while the Separate Property is subject to only the claims of the spouse who incurred the liability.
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In a Chapter 7 you forfeit all your "nonexempt" property and then get to walk away from most of your unsecured debts, including liability judgments resulting from negligence.
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