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What is an example of liability insurance?
For example, if someone gets hurt on your company's premises and decides to sue you because it's alleged that the incident was due to your negligence, expenses arising from legal proceedings (defence or investigation costs) would be covered by your liability insurance.
What is the difference between auto insurance and auto liability?
There is a difference between liability and full coverage insurance. Liability coverage protects you against costs incurred by the other driver if you cause an accident. Full coverage car insurance includes liability coverage and helps you pay for expenses when your car is damaged.
Is liability the same as full coverage?
Liability and full coverage car insurance are different, but full coverage includes liability. Liability coverage protects you from the other driver's expenses should you cause an accident, while a full coverage policy also covers your own vehicle's damages, regardless of whether the damage is from a collision or not.
What is an example of liability insurance?
For example, if someone gets hurt on your company's premises and decides to sue you because it's alleged that the incident was due to your negligence, expenses arising from legal proceedings (defence or investigation costs) would be covered by your liability insurance.