{"id":5087,"date":"2016-04-04T10:47:54","date_gmt":"2016-04-04T15:47:54","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/liability-and-insurance.html"},"modified":"2023-12-26T15:40:29","modified_gmt":"2023-12-26T20:40:29","slug":"liability-and-insurance","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/liability-and-insurance.html","title":{"rendered":"Business Liability and Insurance"},"content":{"rendered":"\n
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\n \n Business Liability and Insurance\n <\/h1>\n \n Business operations for a small business cover not only day-to-day operations but also legal responsibilities.\n <\/p>\n <\/div>\n<\/div>\n\n
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\n By Amber Sheppard, Esq.<\/a> | Legally reviewed by Laura Temme, Esq.<\/a>\n | Last reviewed\n
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Editorial Note: We earn a commission from affiliate partner links on FindLaw. Commissions do not affect the editorial integrity of our legal content.<\/p>\n\n <\/div>\n \n

\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Legal responsibility is known as liability. Most business owners know they need liability coverage from an insurance company. They don’t always know why.<\/p>\r\n

All it takes is a single lawsuit to shut a small business down. This is why business owners and their managers must understand and prepare for their business liabilities. This includes vicarious liability<\/a>.<\/p>\r\n\n\n \n \n \n \n Business Liability: The Basics\n \n <\/i>\n <\/span>\n <\/button>\n <\/h2>\n \n