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How many types of liability are there?

Updated: 8/21/2019
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Q: How many types of liability are there?
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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 are two types of car liability insurance?

Bodily injury liability and property damage liability.


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How many types of business are there?

There are many types of business that are defined by different legal systems in different countries. They include partnerships,sole traders, limited liability company,cooperatives and corporations.


What are the types of liability insurance?

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


What are the types of liabilities?

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


Do you need a car to get liability insurance?

Automobile Liability insurance, YES. Liability insurance, NO. There are many kinds of liability insurance.