What is Liability Insurance?
Liability insurance is a type of insurance policy that covers the insured against legal claims for bodily injury, property damage, or other losses caused by the insured’s negligence or unlawful actions.
Liability insurance provides financial protection for the policyholder if they are sued and found legally liable for damages caused to another person or property.
If you’ve been sued and your insurance company refuses to settle the claim or denies your liability insurance claim, call (813) 273-0017 for a free consultation with an insurance bad faith lawyer.
Common Types of Liability Insurance
- Auto Liability Insurance: Covers claims if the insured driver causes an accident. Pays for other drivers’ medical treatment, vehicle repairs, and other losses.
- Homeowners or Renters Insurance: Covers injuries that occur on an individual’s property. Also may cover damage that the policyholder unintentionally causes to other homes or vehicles.
- Business Liability Insurance: Protects business owners against claims of bodily injury, property damage, personal injury or advertising injury. Incidents like customer slip-and-fall accidents may be covered.
- Professional Liability Insurance: Covers claims against those who provide professional advice and services, like doctors, accountants, therapists, insurance agents and more. Insures against allegations of malpractice, negligence or errors.
