According to Cornell Law Schools website, the legal definition of liability is, "A legally enforceable claim on the assets of a business or property of an individual. In business, liability results ...

Learn how a batch clause in liability insurance limits coverage to claims from a specific production cycle, impacting deductible and coverage disputes.

Liability constitutes an important, and oftentimes ruinous, aspect of business. Small businesses in particular may face complete collapse in the face of a liability lawsuit. Various types of liability ...