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

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

Most states require vehicle owners to carry a minimum amount of car insurance coverage, which typically includes personal liability insurance. This policy covers the other driver's losses when you ...

Personal liability coverage is part of most homeowners insurance policies. It protects you if someone is injured on your property, or if you damage their property at your home or theirs. You can buy ...

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 ...

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-only insurance pays for injury and damage to others you're responsible for. In comparison, full-coverage policies cover both your liability and property damage to your own vehicle. When ...

As a business owner, you’re responsible for the work you and your employees do, as well as for your customers’ health and safety while they’re at your workplace. As a result, a client can sue your ...

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...

Construction companies and other contractors working with hazardous substances face unique liability risks. Their work may contaminate neighboring properties or expel toxic chemicals into the air or ...

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 ...