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  2. How to protect your restaurant business from common and ...

    www.aol.com/protect-restaurant-business-common...

    About 45% of the most common claims fall under commercial property insurance, but it's good for restaurant owners to cover all of their bases when it comes to coverage.

  3. Owner-controlled insurance program - Wikipedia

    en.wikipedia.org/wiki/Owner-controlled_insurance...

    An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).

  4. A Greenville bar is changing after liquor liability insurance ...

    www.aol.com/greenville-bar-changing-liquor...

    The insurance has hit businesses like Local Cue hard and caused bars to close 'left and right' said Christopher Smith, tavern association director A Greenville bar is changing after liquor ...

  5. Liability insurance crisis - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance_crisis

    During the period from 1984 to 1987, premiums for general liability increased from about $6.5 billion to approximately $19.5 billion. [1] In addition to increases in premium, many insurers took the following measures to limit the number and cost of claims: 1) changed policy coverage from an occurrence to a claims-made basis; 2) expanded exclusions; 3) raised deductibles; and 4) lowered policy ...

  6. Dram shop - Wikipedia

    en.wikipedia.org/wiki/Dram_shop

    A dram shop (or dramshop) is a bar, tavern or similar commercial establishment where alcoholic beverages are sold. Traditionally, it is a shop where spirits were sold by the dram, a small unit of liquid.

  7. Cost basis - Wikipedia

    en.wikipedia.org/wiki/Cost_basis

    Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/(saves) taxes on a capital gain /(loss) that equals the amount realized on the sale minus the sold property's basis.

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