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What does it mean to have liability for a company

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It Means if a worker or anyone gets hurt while working or doing something with your company, you need to pay his debts. 
User Kodeaben
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Answer:

A liability is an obligation that arises during the business. It represents a third party's claim on a company's assets usually from lenders, creditors, or the company's employees. The later is the result of the imprudence of the company in a certain obligation supposed to provide to the employee. In that case, the company is liable for the damages caused to the worker.

User Constexpr
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