Does anyone know what a waiver of liability is when filed with a corporate Credit Card company?
June 16, 2010 
1 Comment
I had a corporate credit card with the company I now work for….we got into a dispute over some charges made during a business trip and they are now informing me they are filing a "waiver of liability" with American Express and cancelling the card. Does anyone know what the waiver of liability is and what it accomplishes?
Simply put, they are telling the credit card co that they are not bound to any debt incurred by your use of their credit card because the charges you made did not meet their company policy.
Many companies do this to protect themselves from employees going overboard with a company credit card.
Somewhere in your employment contract you should find a clause regarding this.
Hope this answers your question
Simply put, they are telling the credit card co that they are not bound to any debt incurred by your use of their credit card because the charges you made did not meet their company policy.
Many companies do this to protect themselves from employees going overboard with a company credit card.
Somewhere in your employment contract you should find a clause regarding this.
Hope this answers your question
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