The Liability risk: Introduction Shania experienced the legal effects of being negligent in a financially painful manner. Like Shania, other people often face similar liability situations. Drivers are sued for the negligent operation of their vehicles: business firms are sued because of defective products that injure others; physicians attorneys,accountants,engineers,teachers, and other professionals are sued for malpractice negligence, and incompetence. Even government and charitable institutions are often sued today because they no longer enjoy complete immunity from lawsuits Thus, the liability risk is extremely important to people who whish to avoid or minimize potential osses 7-47-4 The Liability Risk: Introduction • Shania experienced the legal effects of being negligent in a financially painful manner. Like Shania, other people often face similar liability situations. Drivers are sued for the negligent operation of their vehicles; business firms are sued because of defective products that injure others; physicians, attorneys, accountants, engineers, teachers, and other professionals are sued for malpractice, negligence, and incompetence. Even government and charitable institutions are often sued today because they no longer enjoy complete immunity from lawsuits. Thus, the liability risk is extremely important to people who whish to avoid or minimize potential losses