Question

What does it mean to have liability for a company

Answer 1

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

Answer 2

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.