Civil liability insurance

 Liability insurance, also known as public liability insurance or public liability insurance, is a type of insurance coverage that protects individuals or businesses from financial loss due to negligence or legal liability for personal injury or property damage. of others. Covers the cost of legal defense, settlement or judgment amounts, and other related costs.

Here are some important points about liability insurance:

1. Insurance Coverage – Liability insurance generally covers claims arising from an accident or incident in which you or your business are responsible for causing damage to another person or their property. May include:

       A. Personal Injury Liability – Covers costs related to injuries, medical bills, and lost wages suffered by others as a result of your negligence or actions.

       B. Property Damage Liability: This covers the cost of repairing or replacing damaged property caused by your negligence or action.

       C. Personal Injury and Personal Injury Liability: This includes claims related to non-physical damages, such as B. Slander, slander, slander, false imprisonment, or infringement of intellectual property rights.

2. Protection: Liability insurance protects policyholders from financial loss by covering the costs of legal defense, settlements, trials, and other related costs. This can help avoid high expenses that could bankrupt a person or business.

3. Insurance Limits and Deductibles: Liability insurance policies have coverage limits, which represent the maximum amount the insurance company will pay for a covered event. Policyholders may also have a deductible, that is, h the amount the policyholder must pay out of pocket before coverage takes effect.

4. Types of policies: civil liability insurance can be adapted to different people and companies based on their specific needs. For example:

       A. Personal Liability Insurance – This type of policy is designed for individuals and families to provide protection against liability claims arising from incidents in their personal lives.

       B. Commercial General Liability (CGL) Insurance – This is a common type of liability insurance for businesses that covers a wide range of liability risks to which they may be exposed.

       C.  Professional Liability Insurance: This type of insurance, also called error and omission (E&O) insurance, is intended for professionals such as doctors, lawyers, architects, and consultants to protect against claims related to negligence or professional error.

It is important to carefully read the terms of a liability insurance policy to understand the coverage provided, the limitations and exclusions of the policy, and any specific requirements or conditions. Insurers can provide you with more detailed information and help you select the right coverage for your individual or business needs.