Liability matching is a strategy that aligns asset sales and income with future expenses. This ensures that funds are ...

Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

Fiduciary liability insurance, also known as management liability insurance, is intended to protect businesses and employers against claims resulting from a breach in fiduciary duty. Essentially, the ...

No business is entirely immune from lawsuits. Even with all the necessary safety precautions and risk management strategies in place, accidents and mistakes can still happen in your daily operations.

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

An injury to a customer or client can sink a small business. General liability insurance can protect you against liability for injuries, damages and other claims. You can get coverage either as part ...

The biggest decision you’ll make as a new business owner is whether you want to set up as an unlimited liability company or not. How you structure your new business will have lasting implications for ...

Autonomous trucking product liability risks are rising as technology outpaces regulations. Explore legal challenges, ...

A commercial insurance policy’s general liability limits aren’t always enough to handle significant claims. In these circumstances, business insurance policyholders rely on extra coverage through an ...

Liability is the legal obligation to pay debts or fulfill responsibilities. Liability refers to a company's responsibility to disburse funds to individuals or other entities at a future date. This ...

Liability refers to the amount that a business owes at any one time. This responsibility for these debts can fall on either the company itself or its business owners, depending on the structure of the ...