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Basically I run a blog, in the parenting niche, and I am trying to go through a WordPress plug-in Complianz, and one of the questions is “do you want to limit liability with a fixed amount?”
I’m not sure what this means.
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Whenever you store, process or transact with personal information you have liability exposure. That question directly deals with caps on that limit of liability.
To answer that question you need to know if liability limits are legal in the jurisdictions you are transacting and serving.
Best advice: You need to speak with a lawyer experienced in web compliance issues.