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 ...

Explore how aggregate limits of liability work in insurance, their impact on policy coverage, and why understanding them is crucial for policyholders.

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.

Personal liability insurance is a standard homeowners policy coverage. It helps protect you, along with other members of your household, from costs associated with liability claims up to your policy's ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Product liability comprises a number of laws and court rulings that apply to any business that makes or sells a product. Businesses that make or sell products are responsible for ensuring that those ...

A wet kitchen floor. The trampoline in the backyard. That balcony railing that's always been a little unsteady. The house or apartment you rent may be home sweet home, but it's also filled with ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

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 ...

Learn why airlines adjust revenues for air traffic liability under accrual accounting and how this impacts financial reporting and profitability.

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 ...

If you're held responsible after a car accident, liability insurance pays for damages or injuries you might have caused. It's required in nearly every state, and while most people add comprehensive ...