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 ...

(MoneyWatch) Most people don't give the risk of a lawsuit a second thought. But with liability law suits on the rise and attorneys seeking larger awards, the risk is very real. Most home insurance ...

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 ...

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 ...

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 ...

When harm occurs as a result of a business' products, policies or actions, a court may hold that business liable for the damages. Such damages can include physical injuries, property damage and ...