General Liability Insurance for Small Business
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Liability insurance - Liability insurance is a part of the general insurance system of risk transference. Originally, individuals or companies that faced a common peril, formed a group and created a self-help fund out of which to pay compensation should any member incur loss.
Joint and several liability - Joint and several liability is a common law rule of liability, whereby a plaintiff may recover the entirety of the damages from any of negligent defendants independent of their individual share of the liability. The rule is often applied in tort cases, though it is sometimes invoked regarding insurance, business and agency law.
Limited liability limited partnership - The limited liability limited partnership (LLLP) is a rather new form of business organization. Like a limited partnership, an LLLP consists of one or more general partners and one or more limited partners.
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