noun
1.
Liability is the portion of your Policy that covers you in the event you are found to be responsible for injuries to other individuals or property. Typically, all property and casualty policies, whether home, auto, or other, have personal Liability written into them.
Here's what happens if your small business has an accident and you're not insured.
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Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.