In San Francisco, for instance, taxi operators have to provide a million dollars of liability coverage for their cars at all times; Uber, until recently, covered vehicles only when they held a passenger.
While the company could have provided up to a million dollars in liability coverage if an accident occurred, this applied only to drivers who had a passenger in the car or were on their way to pick one up; the company later argued that it wasn't liable for the girl's death.
A few hundred dollars of liability insurance is better than a million dollar lawsuit.
VICE talked with Ruhl about, among other things, how he measures Church finances (there are possible secret bank accounts and potential fraud to contend with), how it rakes in revenue, what happens when a diocese goes bankrupt, and just how long the Vatican can hold up against multi-billion dollar liability.
Part of Mt. Gox's plan to reduce its hundred and nineteen million dollars of liabilities allegedly involves "informing and asking selected Bitcoin main players for their help….
The Gosaibis, seeing their line of defense collapse, withdrew from the case, and the judge ordered them to pay two hundred and fifty million dollars in liabilities.
A single bad audit may bring in fees of less than $1 million — and liability of half a billion dollars.
Since 2005, the agency's liabilities have grown to around 400 billion dollars from about 80 billion dollars.
Instead, they argued that the non-payment was a non-issue, and to linger over it would be irresponsible: worrying about a few million jobs was more important than worrying about a few thousand dollars in tax liability.
Finally, pharmacists are required to notify the original prescriber of a renewal or adaptation within 24 hours, and, although under no obligation to participate, pharmacists who do so must adhere to guidelines and possess two million dollars of personal liability coverage.
China has lots of dollar assets and few dollar liabilities.
