What is Liability Insurance? (with picture)

employers liability insurance definition

What is Liability Insurance?

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There are many different types of insurance policies available, but liability insurance is one of the most popular because it costs much less than many other options. For example, in regard to auto insurance policies, liability insurance costs far less than full coverage. The reason for this is because full coverage insurance must pay for both your vehicle and any other vehicle involved in a collision, as well as property damage and medical expenses due to injuries to you or another party.

On the other hand, liability insurance is only responsible for the other party's losses. Your person and your property are unprotected, but liability insurance protects you from being held responsible for the other party's damages.

There are different types of liability insurance, includ... http://for-insurance.ucoz.com/news/employers_liability_insurance_definition/2013-06-18-3612