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 ...

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

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 ...

A directors and officers liability insurance policy includes three coverages: individual coverage (protects company leaders), corporate reimbursement (reimburses a company for legal fees it pays on ...

Product liability insurance is needed for businesses that make, sell or distribute products. Learn about what it covers and ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

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 ...

Garage liability insurance is a type of insurance that covers an automotive company's daily operations, adding protection to ...