-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Michael Renzmann wrote: > Hi. > >> I'm not sure, but SFC's pumping of itself as a liability protection >> makes it sound like they have taken out insurance, although I can't >> find any details of it. On the other hand, they might just be >> describing the nature of a corporation. > > Can you please explain the meaning of the above two sentences a bit more? > I fear I fail to comprehend its meaning - please bear with me, I'm no > native english speaker :)
A Corporation, by law provides a specific level of liability protection to the share holders. This is where the term "Corporate Veil" comes from. Basically the Corporation does something bad, the Corporation is punished and not the share holders (there are exceptions but that is the gist). Secondarily, there is Corporate insurance. Often called Error and Omission insurance. The purpose of this is just like Car insurance. If you make a mistake, and blow away someone's database. They can sue you. If you have insurance, the insurance pays. If you don't. The company does. If the company doesn't... well that is badness. Joshua D. Drake > > Bye, Mike > _______________________________________________ > Spi-general mailing list > [email protected] > http://lists.spi-inc.org/listinfo/spi-general - -- === The PostgreSQL Company: Command Prompt, Inc. === Sales/Support: +1.503.667.4564 24x7/Emergency: +1.800.492.2240 PostgreSQL solutions since 1997 http://www.commandprompt.com/ UNIQUE NOT NULL Donate to the PostgreSQL Project: http://www.postgresql.org/about/donate PostgreSQL Replication: http://www.commandprompt.com/products/ -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.6 (GNU/Linux) Comment: Using GnuPG with Mozilla - http://enigmail.mozdev.org iD8DBQFG/SSlATb/zqfZUUQRAqw4AJsFO72ciW6VsyspS1zKmLf10gSLdgCgrZc5 74qstLkAUpB0u1eutMruFmk= =IFse -----END PGP SIGNATURE----- _______________________________________________ Spi-general mailing list [email protected] http://lists.spi-inc.org/listinfo/spi-general
