Liability Insurance. Personal Liability. Business Liability. Product Liability. Professional Liability.

Liability Insurance. Personal Liability. Business Liability. Product Liability. Professional Liability.
Liability Insurance provides protection against the risk of a legal action for damages that may be brought against the policyholder. Liability Insurance may be written to meet a variety of needs. There are tree type of Liability Insurances in general: Personal Liability, Business Liability and Professional Liability.

Personal Liability - Coverage by the Homeowner's Policy: Personal Liability coverage is an main part of the Homeowner's policy. It protects the policyholder against the financial risk of injuries or property damage to others. The coverage usually applies to damage caused to others by the unsafe condition of policyholder's properties or by the negligence. Typical example: the homeowner fails to remove ice form the sidewalk and the visitor falls and is injured. This type of insurance coverage has its limits specified in the policy.

Business Liability Coverage: Business insurance requires more comprehensive all-risk coverage against variety of risks associated with doing business. Business Insurance is usually written to fit the specific business needs.

Product Liability Insurance: Manufacturers of the products that may injure a user need a product liability insurance. See: Risk Management

Professional Malpractice Liability Coverage: The term malpractice is used to describe negligence by a professional. Malpractice insurance is believe to be needed for the physicians and hospitals. Other professionals such as attorneys, engineers, architects, pharmacists, corporate managers also need malpractice insurance coverage because they perform services to the public.