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Twistit motors facebook7/25/2023 ![]() ![]() What Does Professional Liability Insurance Cover?.What Does Equipment Breakdown Insurance Cover?.What Does Employment Practices Liability Insurance Cover?.What Does Directors And Officers Liability Insurance Cover?.What Does Cyber Liability Insurance Cover?.What Does Commercial Umbrella Insurance Cover?.What Does Commercial Property Insurance Cover?.What Does Commercial General Liability Insurance Cover?.What Does Commercial Crime Insurance Cover?.What Does A Business Owners Policy Cover?.What Does Business Auto Insurance Cover?.What Is The National Association of Insurance Commissioners?.What Does Small Business Insurance Cover & Pay For?.How Much Does Small Business Insurance Cost?.What Are The Commercial Insurance Requirements For Small Businesses?.Small Business Insurance General Information: You can skip to the following types of small business commercial insurance using these links: Learn about small business insurance requirements, costs and coverages including: Commercial General Liability, Commercial Property Insurance, Workers Compensation, Business Owner's Policy (BOP), Errors & Omissions (professional liability), Commercial Auto Insurance and more.īelow are some answers to commonly asked small business commercial insurance questions: Carrying adequate small business insurance to protect your business shouldn't be a question - it's a must if you want to make sure that you don't get put in a position where you have to lose your business or pay money out of pocket to cover expenses associated with a loss. Having high enough limits in your commercial liability coverage should be a cornerstone of any business plan. Commercial insurance helps protect your business and potentially your personal assets from lawsuits and settlements that can reach into the millions. If you own a small business, this article will help you understand some the of most common policies available. ![]() ![]() Its stock price is currently hovering at 39 cents after peaking at $31.57 in early 2021.Small Business Insurance. The EV maker had just $108.1 million in cash (and cash equivalents) on March 31st. Lordstown reported a net loss of $171.1 million in the first quarter of this year, following a loss of $89.6 million in the same quarter a year ago. However, it concedes that bankruptcy is on the table if it can’t resolve the dispute “in a timely manner on terms that allow us to continue operating as planned” or find other strategic partners. Lordstown said it believes Foxconn’s claims are without merit and considers their investment agreement to remain in effect while talks continue. (That followed a previous deal where Foxconn bought its Ohio factory.) In the letter, Foxconn told Lordstown it breached the agreement because the startup’s stock price fell below $1 per share for 30 straight trading days, leading to a NASDAQ delisting notice. “To date, we have not identified a strategic partner for the Endurance.”Īccording to the SEC filing, Foxconn sent a letter to Lordstown on April 21st, threatening to terminate the two companies’ investment deal, which saw the Taiwanese manufacturer investing up to $170 million in the startup. ![]() “Due to the production delays from early January to mid-April 2023, the failure to identify a strategic partner for the Endurance, and extremely limited ability to raise capital in the current market environment, we anticipate production of the Endurance will cease in the near future,” the company wrote in today’s filing. The warning follows a separate filing from earlier this week saying it could file for bankruptcy if its deal with Foxconn can’t be resurrected. The Endurance electronic pickup truck maker said today that it expects to stop producing the vehicle “in the near future” if it can’t find a partner to keep it afloat. EV startup Lordstown Motors is still in trouble after pausing production earlier this year. ![]()
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