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Legal expenses insurance covers policyholders for the potential costs of legal action against an institution or an individual. When something happens which triggers the need for legal action, it is known as "the event". There are two main types of legal expenses insurance: before the event insurance and after the event insurance.
Legal protection insurance (LPI), also known as legal expenses insurance (LEI) or simply legal insurance, is a particular class of insurance which facilitates access to law and justice by providing legal advice and covering the legal costs of a dispute, regardless of whether the case is brought by or against the policyholder. Depending on the ...
A defensive cost is an environmental expenditure to eliminate or prevent environmental damage. Defensive costs form part of the genuine progress indicator (GPI) calculations. Labour costs would include travel time, holiday pay, training costs, working clothes, social insurance, taxes on employment &c.
The cost of life insurance varies quite a bit, depending on the type of policy you choose, the amount of coverage needed, the length of coverage, and your health status.
Depending on your state, your credit history may also influence the cost of your home insurance policy. To ensure you get the best homeowners insurance rates, you may want to research ahead of time.
An expense account is the right to reimbursement of money spent by employees for work-related purposes. [1] Some common expense accounts are Cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising expense, promotion expense, repairs expense, maintenance expense, rent ...
Homeowners insurance alone costs an average of $2,377 annually, and rates continue to rise. ... considers homeowners insurance as a nondeductible expense. The same goes for fire or homeowner’s ...
A deferred expense (also known as a prepaid expense or prepayment) is an asset representing costs that have been paid but not yet recognized as expenses according to the matching principle. For example, when accounting periods are monthly, an 11/12 portion of an annually paid insurance cost is recorded as prepaid expenses.