What is limited liability clause?

Question

What is limited liability clause?

Answer 1

The clause faces a limit on the amount that can be claimed for a breach of contract, regardless of the actual loss

Answer 2

It just means that the seller or the maker of the product/service will not be held responsible for certain types of claims made by the buyer.

Answer 3

It is a clause in which the insurer will only cover you under certian covered Perils. Limited to those stated and any other willnot be covered. It is a limited and lower cost but higher risk for you since it covers so little

Answer 4

why don't you just google "limited liability clause"?  i gurantee you whatever you find on google will probably be way more informative and helpful than any answer anyone could give you here, people are mad lazy

Answer 5

There is a cap on the amount