Punitive damages are associated with which risk category?

Liabilities

Explanation:

Liability is a commitment that you owe for somebody else. These are the company legal debts that are raised at the time of the course of the business. Liabilities can be limited or unlimited. These are to be settled over time through the transfer of goods, services and other benefits of the company. The liability is one of the commitments between two parties that can not be completed or paid off. Liability can be defined as current or non-current that depends on the context of the situation.