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. Provisions not covered include Intentional damage, contractual liabilities, and criminal prosecution. Examples of types of Liability insurance includes the following:
General liability
Professional Liability
Employer liability
Products Liability
Public Liability
Directors and Officers Liability
Professional Indemnity