A liability risk is a vulnerability that can cause a party to be held responsible for certain types of losses. Put another way, it is the risk that an individual or business will take an action that causes bodily injury, death, property damage, or financial loss to 3rd parties.

To avoid injury to guests or employees, and to protect their business operations from financial or physical ruin. Protecting business operations includes protecting against damage to property, damage to reputation, and any financial impacts occurring from litigation. On a larger scale: Reduces the likelihood of an unwanted and unplanned event, reduces the consequences of the event and enhances your ability to access comprehensive and cost-effective insurance.