What is the term for liability that arises from the conduct of a business?

The term that refers to liability arising from the conduct of a business is commonly known as "Business Liability." This concept encompasses a variety of legal responsibilities that a business may face due to its operations, including negligence, breaches of contract, and general duty to ensure safety and compliance with regulations. Business liability is critical for companies to understand because it can impact their financial stability and reputation.

In many cases, it covers claims related to injuries or damages that occur as a result of business activities, whether the incidents take place on the business premises or involve products and services offered to customers. Therefore, understanding the scope of business liability helps businesses better prepare for potential legal challenges and proactively manage their risks.

The other options, while they may have their own definitions within the broader context of business operations and risk, do not capture the general concept of liability arising specifically from the conduct of a business as effectively as "Business Liability" does.