If you’re new to the world of entrepreneurship or you’re starting a business of your own for the first time, you might get the advice to protect yourself from liability. Liability comes in a few ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

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Here’s how to make sure you’re covered if you are deemed responsible for harming someone else or their property Written By Written by Contributor, Buy Side Tanza Loudenback is a contributor to Buy ...

Laura Longero is an award-winning writer and editor who has more than 15 years of editorial experience. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc.

If you cause a car crash in which someone else is injured, your bodily injury liability (BI or BIL) insurance pays for expenses related to injuries they sustain in the crash. It is one of the two ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Contingent liabilities are those that depend on the outcome of an uncertain ...

Pet liability for renters, included in renters insurance, pays for injuries and property damage your pet causes to others. Renters insurance liability coverage also pays for your legal fees if you’re ...

The digitalization of products raises new liability issues. The existing Product Liability Directive 85/374/EEC of 1985 does not fully take into account the specific risks of digital products. For ...