Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

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 ...

Liability matching is a strategy that aligns asset sales and income with future expenses. This ensures that funds are ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

What would happen if your business was sued? You damage a client's property, one of your employees is injured on the job, a customer slips and falls in your store—that's all it takes. And then what?

For nearly a decade, Toni Matthews-El has published business topics ranging from cloud communication software to best steps for establishing your own LLC. In addition to Forbes Advisor, she's ...

Here’s how to make sure you’re covered if you are deemed responsible for harming someone else or their property Written By Written by Contributor, Buy Side Tanza Loudenback is a contributor to Buy ...

You need a general liability insurance policy in order to get a certificate of liability insurance. Many, or all, of the products featured on this page are from our advertising partners who compensate ...