Dictionary definition of liability

1. The company decided to limit its liability by forming a limited liability corporation (LLC).
2. Personal liability can arise if someone is injured while on your property.
3. The new regulations increase the liability of companies in protecting customer data.
4. The employee signed a liability waiver before participating in the high-risk activity.
5. As a business owner, you should regularly review your liability coverage to ensure adequate protection.
6. Failing to maintain your property can lead to legal liability.
7. A lack of insurance can be a financial liability in emergencies.
8. The company faced a massive liability lawsuit.
9. His reckless behavior became a liability for the team.
10. Understanding your tax liabilities is crucial for financial planning.
11. The contract outlined the parties' respective liabilities.
12. Environmental damage can result in significant liability claims.
13. The partnership dissolved due to a disagreement over liability.
14. Negligence can result in personal injury liability.
15. The accountant assessed the company's financial liabilities.
16. The liability insurance coverage protected the business.
17. In bankruptcy, your assets can offset your liabilities.
18. The legal team worked to limit the client's liability exposure.
19. They signed a waiver to release liability for any accidents.
20. Employee training reduces workplace accident liabilities.
21. The liability clause in the contract raised concerns.
22. Personal liability for debts can affect your credit score.
23. The audit revealed hidden financial liabilities.
24. The shareholder agreement clarified ownership and liability.
25. His negligence created a liability that he couldn't escape.