LIABILITY INSURANCE

Liability Insurance

For every business, having liability insurance is essential because it defends your interests in the event that third parties sue you for losses or damages incurred while conducting business. It provides protection from third-party liabilities resulting from the insured’s properties or operations as well as related legal expenses. However, not all liability insurance policies provide coverage for intentional harm and contractual obligations.

The best candidates for liability insurance are business owners, physicians, hospitals, etc., so they can avoid being sued by the patient’s family if, by chance, they are unable to save the patient.

Key benefits of Liability Insurance

• Liability insurance provides protection against claims resulting from injuries and damage to people and/or property.
• Liability insurance covers legal costs and payouts for which the insured party would be found liable.
• Liability insurance is often required for automotive insurance policies, product manufacturers, and anyone who practices medicine or law.