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An agency's compliance with the bona fide need rule is measured at the time the agency incurs an obligation and depends on the purpose of the transaction and the nature of the obligation being entered into. 61 Comp. Gen. 184, 186 (1981) (bona fide need determination depends upon the facts and circumstances of the particular case).
Contractors may have less incentive to control losses if they aren't buying their own insurance; Less total coverage available to compensate owner if project turns out to have multiple defects with multiple independent causes, for which each responsible subcontractor previously would have brought own carrier, policy, and coverage limits to ...
Coverage ends upon the earlier of closing of the sale, occupancy or the policy expiration date. After builder risk coverage expires, due to sale or occupancy, the new owner typically obtains permanent property insurance on the building such as a home owner's policy or a commercial property policy.
The above factors will also determine how much you pay for liability coverage. General liability insurance for small businesses typically costs between $300 to $900 annually.
These insurance policies protect from losses of company monies, securities, and other property from employees who have a manifest intent to i) cause the company to sustain a loss and ii) obtain an improper financial benefit, either for themselves or another party. There are also many other coverage extensions available through the purchase of ...
The Court say that "the real consideration depends on the reality of the claim made, and the bona fides of the compromise." If the plaintiff's claim against the Honduras Government was not bonâ fide, this ought to have been alleged in the plea; but no such allegation appears. Lush J and Mellor J stated their concurrence.
Now, delivering it is his bona fide business. Gannett. Peter Blandino, The Patriot Ledger. April 11, 2024 at 4:46 AM. ... Thanks to our subscribers, who help make this coverage possible. If you ...
Employers and employees have a bona fide duty to each other once a contract of employment has begun; but a job applicant owes no duty of disclosure in a job interview. [24] [25] [26] A contract uberrimae fidei is a contract of 'utmost good faith', and include contracts of insurance, business partnerships, and family agreements. [27]
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