Liability for loss of customer or employee data is not typically covered under a corporate insurance policy.

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All businesses should obtain liability insurance in case (for example), a customer was to slip and fall in your place of business.

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The customer's ten-year warranty is really about a five-year liability for Hyundai, says Mark Yoon, a Merrill Lynch auto analyst in Seoul.

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The customer's ten-year warranty is really about a five-year liability for Hyundai, according to Mark Yoon, a Merrill Lynch auto analyst in Seoul.

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Setting up an LLC protects you from personal liability. (If angry creditors come calling, or if a customer slips in your store, the lawyers can't go after your house.) Unlike with sole proprietorships and partnerships, only the amount of money you put into an LLC is at risk.

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