Your company's assets and liabilities are reported on its balance sheet. Assets go on one side of the sheet, liabilities on the other. The difference between them is the owners' equity in the company -- what the owners would take away if they sold all those assets and paid off all those debts.
Key Points. For all residential premises, whether houses or flats, a landlord may, depending on the circumstances, be liable to be prosecuted if anyone such as a tenant, resident, workman or visitor, is put at risk of being exposed to asbestos or is actually exposed to it.
It could be the case that the landlordâs insurance does not cover injuries that occur in the residential tenantâs apartment. If the landlordâs insurance does not cover the claim and the tenant does not have renterâs insurance or other assets, there may not be a source of recovery for a premises liability claim.f the landlordâs insurance does not cover the claim and the tenant does not have renterâs insurance or other assets, there may not be a source of recovery for a premises liability claim.