Secrets They Won't Tell About Liability Insurance Coverage

There are several types of liability insurance, each designed to cover different aspects of risk:

• General Liability Insurance: This is essential for businesses, covering claims of bodily injury or property damage that occur on business premises or as a result of business operations.
• Professional Liability Insurance: Also known as Errors and Omissions (E&O) insurance, this policy protects professionals against claims of negligence or inadequate work.
• Product Liability Insurance: If your business manufactures or sells products, this insurance protects against claims of injury or damage caused by those products.
• Personal Liability Insurance: Often part of a homeowners or renters insurance policy, this covers accidents that occur on your property or as a result of your personal activities.

Each type of liability insurance offers distinct benefits and coverage options, making it essential to assess your specific needs before browsing options to find the best fit.