In accounting terms, a liability is an amount that you owe a creditor. Liabilities generally fall into two categories -- current and long-term. Current liabilities include debts you owe that you ...

Cargo insurance, underwritten by groups called managed risk clubs, covers almost every possible risk. Should the manager risk club decline payment on a claim for the loss or damage of a shipper's ...

When a disaster occurs, a country's financial obligations are triggered to repair the damage that has occurred. These obligations are called contingent liabilities. To understand more about the ...

Sands Point is a managing general agent (“MGA”) focused on supporting expanded opportunities across financial and property and casualty insurance lines. With its flagship TLI practice, Sands Point ...

Liability insurance covers legal fees and settlement costs in case of lawsuits. Businesses may need several types. Many, or all, of the products featured on this page are from our advertising partners ...

BOSTON--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) announced today that it is expanding its North American Transactional Liability Insurance business into the UK and Europe and has ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...