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"a significant liability" is a correct and usable phrase in written English.
You could use it in any context where you're discussing something that carries a lot of responsibility or risk. For example, "Business owners must always be aware of the potential for a significant liability if their employees are not properly trained."
Exact(21)
Mr. Khosrowshahi said: "We don't think it is a significant liability at all.
Insurance providers point to hail as a significant liability in Texas.
A strong culture can be a significant liability when it is misaligned with strategy.
(5) A strong culture can be a significant liability when it is misaligned with strategy.
That lack of experience, endemic among donors, is a significant liability.
"It's fairly widely felt in both agencies that we're taking on a significant liability," said an official involved in the negotiations.
Similar(39)
You may have missed a valuable asset, or an significant liability.
If you have a home office and you don't have a business that incurs significant liability -- you're a psychologist, bookkeeper -- you can have very little coverage". General liability insurance protects a business if a customer is injured on your property, while businesses whose employees frequently drive company-owned vehicles can benefit from commercial auto coverage.
The company may face significant liability even if a low level supervisor fails to comply with company rules and policies.
In the foreseeable future, what was once a profitable or breakeven proposition will become a significant financial liability.
And in any case, why did the compensation committee allow the entire trust to be funded at a time when American had a significant pension liability to other workers?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com