What is personal liability coverage?

What is personal liability insurance? Personal liability insurance is a comprehensive umbrella policy that protects you and your family against claims resulting from accidents or injuries caused to someone else or someone else's property.

What is the difference between personal and public liability insurance?

Personal liability insurance covers injury or damage compensation claims made against you by a third party. Public liability insurance is the commercial version of this insurance – it covers compensation costs if someone makes a claim against your business for injury or damage.

What is an example of liability coverage?

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 are personal liabilities?

Personal liability occurs in the event an accident, in or out of your home, that results in bodily injury or property damage that you are held legally responsible for.

Why do I need liability insurance?

Liability insurance is critical for those who are liable and at fault for injuries sustained by other people or in the event that the insured party damages someone else's property. As such, liability insurance is also called third-party insurance.

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