The term preferred in American law to what other common law jurisdictions refer to as occupiers' liability.
The term is defined in Volume 4 of ATLA's Litigating Tort (cases as follows:
"Premises liability deals with the breach of duties owed by an owner or occupier of real estate to protect people on or off the premises from dangerous conditions and defects in the property, including hazards from activities conducted, or things kept on, the property."
REFERENCES:
Conlin, R., and Cusimano, G., ATLA's Litigating Tort Cases (Thomson-West Group, Eagan, MN., USA: 2003), §55.