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  1. Types of Liability Insurance | Liability Insurance Definition
    Liability insurance protects individuals and businesses from claims arising from injuries or damages caused to third parties, with examples including general liability insurance for businesses and product liability insurance for manufacturers.

    Types of Liability Insurance with Examples

    1. General Liability Insurance: This type of insurance is essential for businesses and covers claims of bodily injury, property damage, and personal injury. For example, if a customer slips and falls in a retail store due to a wet floor, general liability insurance would cover the medical expenses and legal fees associated with the injury.
    2. Product Liability Insurance: This insurance is crucial for manufacturers and retailers. It protects against claims arising from injuries or damages caused by defective products. For instance, if a toy manufacturer produces a toy that has a design flaw leading to a child's injury, product liability insurance would cover the legal costs and any compensation awarded to the injured party.
    3. Professional Liability Insurance: Also known as errors and omissions insurance, this type protects professionals against claims of negligence or failure to deliver services as promised. For example, a doctor facing a malpractice lawsuit for providing substandard care would rely on professional liability insurance to cover legal fees and any damages awarded to the patient.
    4. Employer's Liability Insurance: This insurance protects businesses against claims made by employees who suffer work-related injuries or illnesses. For example, if an employee develops a chronic illness due to exposure to hazardous materials at work, employer's liability insurance would cover the legal costs and any settlements or judgments.

      Liability insurance is vital for protecting financial assets and ensuring compliance with legal requirements, making it an essential consideration for both individuals and businesses.
    5. 2 Sources
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    The Hartford
    https://www.thehartford.com › general-liability-insurance › types-of-liability-insurance
    Your Guide to the Different Types of Liability Insurance
    The three main types of liability insurance coverage are: General liability insurance (GL) is often called: It helps cover different types of general liability claims that your bus…
    ourinsuranceworld.com
    https://www.ourinsuranceworld.com › archives
    What Is an Example of Liability Insurance? - Ourinsuranceworld.com
    Liability insurance is an essential component of risk management for individuals and businesses alike. It provides protection against claims resulting from injuries and damages to …
    The Hartford
    Your Guide to the Different Types of Liability Insurance
    The three main types of liability insurance coverage are: General liability insurance (GL) is often called: It helps cover different types of general liability claims that your bus…
    https://www.thehartford.com › general-liability-insurance › types-of-liability-insurance
    ourinsuranceworld.com
    What Is an Example of Liability Insurance? - Ourinsuranceworld.com
    Liability insurance is an essential component of risk management for individuals and businesses alike. It provides protection against claims resulting from injuries and damages to …
    https://www.ourinsuranceworld.com › archives
  1. Investopedia
    https://www.investopedia.com › terms › liability_insurance.asp

    Liability Insurance: What It Is, How It Works, Major Types

    Aug 3, 2025 · Liability insurance is also called third-party insurance. For instance, most states require that vehicle owners have liability insurance under their automotive insurance policies to cover...

    See results only from investopedia.com
  2. The Hartford
    https://www.thehartford.com › general-liability-insurance › ...

    Your Guide to the Different Types of Liability Insurance

    There are a few different types of liability insurance – general, professional, and employer – and they all cover different things. Read on to learn about the different liability insurance types and find the ones …

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  4. investkraft.com
    https://www.investkraft.com › blog › liability-insurance

    Liability Insurance Explained: Types, Benefits, and Real-Life ...

    Dec 13, 2025 · Discover the essentials of liability insurance, its types, benefits, and real-life examples. Learn how it protects your business from legal and financial risks.

  5. ourinsuranceworld.com
    https://www.ourinsuranceworld.com › archives

    What Is an Example of Liability Insurance?

    Sep 20, 2024 · The primary types of liability insurance include general liability insurance, professional liability insurance, product liability insurance, and employers’ liability insurance.

  6. Finance Strategists
    https://www.financestrategists.com › ... › liability-insurance

    Liability Insurance | Definition, Types, and Factors to Consider

    Sep 4, 2023 · Examples of liability insurance include general liability insurance, professional liability insurance, and product liability insurance. Coverage limits represent the maximum amount an insurer …

  8. Brimco
    https://www.brimco.io › terms › liability-insurance

    What is Liability Insurance? Definition, Types, and Examples

    Nov 27, 2025 · Learn what liability insurance is, how it works, and why it protects individuals and businesses from costly legal claims.

  9. EduCBA
    https://www.educba.com › liability-insurance

    Liability Insurance | Coverage, Types, Examples, How it Works?

    Dec 13, 2024 · Liability insurance protects individuals or businesses from financial loss if they are held legally responsible for causing harm or damage to someone else or their property. It covers costs like …

  10. KASE Insurance
    https://kaseinsurance.com › news › types-of-liability-insurance

    Types of Liability Insurance | KASE Insurance

    Aug 21, 2024 · Professional Liability Insurance, often referred to as Errors and Omissions (E&O) liability insurance, is a type of liability insurance example that protects against financial losses incurred due …

  11. lionshieldfinancial.ca
    https://www.lionshieldfinancial.ca › understanding...

    What Is Liability Insurance? Coverage, Types & Real Examples

    Jan 27, 2025 · Understand liability insurance: what it covers, why it matters, key types, and real-life examples for businesses, freelancers, and individuals.

  12. cobrief.app
    https://www.cobrief.app › resources › legal-glossary › ...

    Liability insurance: Overview, definition, and example

    Mar 27, 2025 · Common types of liability insurance include general liability, professional liability (errors and omissions), and product liability insurance. For example, a contractor may purchase general …

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