Which statement about liability is true?

Liability in the context of fitness and aquatic environments refers to the responsibility that an organization or individual has regarding the safety and well-being of participants. The correct statement highlights that liability involves assessing potential risks and managing them effectively. This means that professionals need to identify any risks that could harm participants and implement measures to mitigate those risks, ensuring a safe environment.

Understanding liability also means recognizing that it is a proactive process. It requires ongoing evaluation of safety protocols, proper equipment maintenance, participant screening, and training staff to respond appropriately to emergencies. By effectively managing risks, fitness professionals protect not only the participants but also themselves and their organizations from potential legal action.

The other statements do not accurately capture the full scope of liability. They either misrepresent the concept by focusing on financial aspects, erroneously suggest a lack of responsibility, or limit liability to just physical injuries rather than encompassing a broader understanding of safety in all fitness-related activities.