A one year limitation period would be extraordinarily restrictive, its only aim and affect being to reduce the liabilities of insurance companies by excluding valid, genuine claims. (aclatterofthelaw.com)
For example, the child tax credit reduces liability by $ 1,000 per child for taxpayers eligible to use it fully. (taxpolicycenter.org)
That's why an Activity Release of Liability is so useful; it helps protect your business by reducing your liability for potential injuries or damages. (rocketlawyer.com)