Liability Protection
/ˌlaɪəˈbɪləti prəˈtɛkʃən/
Definitions
- (n.) Legal safeguards that limit or shield an individual or entity from financial responsibility for certain claims or damages.
The corporation established liability protection to shield its shareholders from personal losses.
Forms
- liability protections
Related terms
See also
Commentary
Liability protection is often drafted to specify the extent and limits of coverage, commonly utilized in corporate and insurance law contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.