What Is a Liability Form

A liability form is also sometimes termed as a general liability form. The most common type of liability form is the liability release form or the liability waiver form. Even though there are different types of liability forms available, the basic element remains the same, which is relieving of the liability. These types of forms can be used by different institutions and are predominantly used by insurance companies. The liability form is used against a particular risk.

There are two important aspects of any liability form and they are:

  • Release of claims: This is the important part of the liability form as this is where the participant or applicant gives a statement wherein he or she acknowledges the risk and assumes it. This is where the applicant states that he or she is voluntarily participating in the risky activities and assumes all risks including injury, sickness, damage, and death. The applicant will need to be 21 years of age and has to sign the statement to make it valid. Once the applicant signs the form, they will be responsible for any injury or damage and not the organizers or the insurance company.
  • Type of risk: This part of the liability form explains the risk involved and the outcomes of such risks to the applicant. If the applicant is a minor then the parent or local guardian has to issue a statement assuming all risks on behalf of their child in this section. This section also contains information related to negligence, participating in risk adverse activities, the premises where the activity is taking place, type of activity, claims by next of kin and relative, and a conditional liability release. The form will them be signed by the parent or local guardian along with signatures of at least two witnesses. The name, address, and phone numbers of the local guardian or parent should also be mentioned.

Category: Sample Forms

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