Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

Liability matching is a strategy that aligns asset sales and income with future expenses. This ensures that funds are ...

What would happen if your business was sued? You damage a client's property, one of your employees is injured on the job, a customer slips and falls in your store—that's all it takes. And then what?

In a dangerous profession, such as firefighting, liability is an ever-present concern. It appears to be a complex topic, but, at its heart, liability rests on a very simple principle: liability flows ...

An insurance policy that service-related businesses need is professional liability insurance. Learn about what it covers and ...

General liability insurance protects businesses against claims that they’ve harmed a person or their property. Many, or all, of the products featured on this page are from our advertising partners who ...

Excess liability insurance is extra coverage that kicks in once an underlying policy hits its limits. Learn how it works and what it covers.