Liability Insurance Business Def. For the business owner, fire damage legal liability is included under their commercial general liability policy. Joint and several liability refers to the status of those who are responsible together as one unit as well as individually for their conduct.
| meaning, pronunciation, translations and examples It can cover compensation payments and legal costs if a member of the public (maybe a customer, a supplier, or a passerby) sues your business because they’ve been injured or their property has been damaged. Liability synonyms, liability pronunciation, liability translation, english dictionary definition of liability.
If you say that someone or something is a liability , you mean that they cause a lot of.
If you say that someone or something is a liability , you mean that they cause a lot of. For the business owner, fire damage legal liability is included under their commercial general liability policy. Public liability insurance is one of the main types of business insurance. It does not have a deductible and is required in every state.