0
In accounting terms, liability describes an obligation. It refers to money owed to complete a transaction, debt that has yet to be paid, or products or services that have been paid for but have not yet been rendered. There are two general classifications to sum up these types of liability: long term and short term/current liability. Long-term describes debt paid out over more than one year, while short-term liability refers to debt paid within a year or less. the two types of liability(in Business matter) are: 1.current liability 2.long-term liability
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What are two types of car liability insurance?
Bodily injury liability and property damage liability.
What kind of liability insurance is needed?
That depends on what your trying to insure against. There are many types of liability insurance in the market place.
What types of liability insurance are available?
It depends on whether you are talking about a liability insurance for cars. There are various insurance available to car owners and renters. There is also business liability insurance (doctor, lawyer, accountant, etc.).
What types of motor insurance coverages are there?
The types of Motor Insurance coverages that are available are Auto Liability Insurance, Liability Car Insurance, Personal Injury Protection and Collision only. The type of coverage also depends on the state as they have different laws.
What three types of insurance needed within the salon and their importance?
public liability, professional liability and indemety
Can you have liability only car insurance in Kansas?
There are three types of automobile insurance coverage required in the state of Kansas. These include liability, personal injury and uninsured.
What type of insurance do you need to operate and own a barber shop?
There are many types of insurance you will need to own and operate your barbershop. The most important insurance will be liability insurance. Liability insurance will protect you in the event someone is injured on your property.
Do you need a car to get liability insurance?
Automobile Liability insurance, YES. Liability insurance, NO. There are many kinds of liability insurance.
What are the different types of car insurance offered in California?
There are many different types of car insurance offered in California. You can get liability, collision, or full coverage.
What types of insurances does Highpoint Insurance offer?
The Highpoint Insurance group offers commercial insurance. Their specific offers are Commercial Property, General Liability, Workers Comp, Commercial Auto, and Management Liability.
How General Insurance Can Protect You?
"General insurance" is the umbrella term used by the insurance industry to describe all policies other than life insurance policies. This includes various types of insurance for individuals as well business policies. The two most common types of general insurance for individuals are automobile insurance and homeowners insurance, both of which can include property and casualty coverage. The two most common types of general insurance available for businesses are commercial auto liability and commercial general liability. Other commercial general insurance products include premise liability, professional liability, product liability and operations liability. An increasingly popular commercial product is business interruption insurance that provides the business owner with income should a disaster fall that is covered by other parts of his or her policy.
What types of businesses sell Company Liability Insurance?
The Company Liability Insurance is a protection service. The company that sells the insurance is called Nationwide, and the base is in Colombus. One thing that is unique with this insurance is the uninsured and underinsured mororist coverage.
