Liability Insurance

Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury or negligence.

Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable.

Liability insurance is critical for those who may be held legally liable for the injuries of others, especially medical practitioners, corporation directors & officers and business owners. A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations.

Liability insurance can include the following types of policies:

• Public liability insurance
• Employer’s liability insurance
• Product liability insurance
• Professional indemnity liability insurance

Directors and officers liability insurance