When dealing with employee benefit plans and plan funds, employers have a fiduciary responsibility to act in their employees’ best interests. This means they’re legally bound to act ethically and do ...

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 ...

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With 15 years of immersion in the world of personal finance, Ashley Kilroy simplifies financial concepts for individuals striving toward financial security. Her expertise has been showcased in ...

When someone makes a claim against you, third-party liability insurance can protect you financially. You’re probably more familiar with basic forms of this insurance type, including automobile ...

An injury to a customer or client can sink a small business. General liability insurance can protect you against liability for injuries, damages and other claims. You can get coverage either as part ...

Liability insurance protects you and your family’s finances from major disasters, such as a lawsuit against you (even if the charges are groundless). For example, if you crash into someone else, ...

Your business is responsible for the products you make, sell or distribute, as well as the completed services you provide. You can be held liable and accountable for any losses or damage if one of ...

Umbrella insurance is an “excess liability insurance,” meaning it kicks in after your other insurance policies are exhausted. For example, if you hurt someone in a car accident, your liability car ...