Basics
Being legally responsible for something
Negligence
Failing to act with reasonable care
negligence
Harm caused by a defective product
product liability
Legal action against a business
lawsuit
Money protection for accidents or losses
insurance
Money paid to compensate for harm
damages
Responsibility to keep others safe
duty of care
Injuries on a business property
premises liability
A document releasing a business from responsibility
waiver
Covers employee injuries
workers’ compensation
Individual responsibility vs business responsibility
personal liability
Not meeting your duty
breach of duty
Mistakes by professionals
professional liability
When someone knows the risk and still participates
assumption of risk
Planning to avoid risk
risk management
Following laws and rules to avoid risk
compliance
When both parties share some blame
comparative negligence
Responsibility of owners in a sole proprietorship
personal liability
Insurance protecting employees hurt at work
workers’ compensation
A policy covering general accidents
general liability insurance
The process of figuring out how to reduce risks
risk management
Being responsible without needing to prove negligence
strict liability
Liability that happens without fault in certain dangerous activities
strict liability
When failing safety standards leads to legal responsibility
negligence
Following laws to prevent lawsuits
compliance