Helpful Small Business Insurance Terms and Definitions
General Liability Insurance
Professional Liability Insurance
Errors and Omissions Insurance
Cyber Liability / Data Breach Insurance
Workers' Compensation Insurance
Business Owner’s Policy
Data Breach Insurance
Certificate of Liability Insurance
Additional Insurance Offerings
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Certificate of Liability insurance
A responsibility to pay debts, which is a part of both criminal and civil law.
If you are found "legally liable," that means you are legally and financially responsible for something. Some legal liabilities are protected by insurance (see: Liability Insurance), but that doesn't mean a small-business owner can find insurance to cover everything.
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