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  2. Liability insurance - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance

    Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

  3. Liability (financial accounting) - Wikipedia

    en.wikipedia.org/wiki/Liability_(financial...

    The accounting equation relates assets, liabilities, and owner's equity: Assets = Liabilities + Owner's Equity. The accounting equation is the mathematical structure of the balance sheet. Probably the most accepted accounting definition of liability is the one used by the International Accounting Standards Board (IASB). The following is a ...

  4. Directors and officers liability insurance - Wikipedia

    en.wikipedia.org/wiki/Directors_and_officers...

    Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...

  5. Types of business insurance - AOL

    www.aol.com/finance/types-business-insurance...

    Most insurance professionals recommend business liability insurance for all companies. Product liability insurance If you make something that hurts someone or makes them sick, your business can be ...

  6. What are assets, liabilities and equity? - AOL

    www.aol.com/finance/assets-liabilities-equity...

    What is an example of assets, liabilities and equity? An asset adds value to your business, whether cash, equipment, accounts receivable or something else to which you can attribute a dollar amount.

  7. What are the different types of car insurance coverage? - AOL

    www.aol.com/finance/different-types-car...

    For liability coverage, most insurance professionals advise that you purchase limits higher than state minimum levels to protect yourself against financial strain in the event of an at-fault accident.

  8. Commercial general liability insurance - Wikipedia

    en.wikipedia.org/wiki/Commercial_general...

    Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.

  9. Solvency ratio - Wikipedia

    en.wikipedia.org/wiki/Solvency_ratio

    The solvency ratio of an insurance company is the size of its capital relative to all risks it has taken. The solvency ratio is most often defined as: The solvency ratio is most often defined as: n e t . a s s e t s ÷ n e t . p r e m i u m . w r i t t e n {\displaystyle net.assets\div net.premium.written}

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