The ABCs of Liability Insurance Policies: Protecting Your Business and Assets

I. An Overview of Liability Risk

In our rapidly evolving corporate landscape, liability insurance arrangements act as fundamental safety checks. They equip enterprises against unanticipated, potentially destabilizing legal proceedings. Mastering these fundamentals is indispensable for entrepreneurs or risk managers. Let us explore the specifics of liability insurance.

II. Varieties of Liability Coverage

1. General Liability: This instrument defends corporations against third-party physical harm, property destruction, and defamation. Primarily covering your ongoing business activities, from commonplace slip-and-fall incidents to product liability.

2. Professional Liability (Errors