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 injury...
What is liability insurance coverage? - Progressive
Liability insurance coverage protects you financially if you're responsible for someone else's injuries or property damage. Liability coverage comes standard with most vehicle and property insurance …
What Is Liability Insurance? - The Hartford
Apr 11, 2025 · Liability insurance helps protect you financially if you’re found legally responsible for property damage or personal injury to a third party. This liability protection is part of most home, auto …
Liability insurance - Wikipedia
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and …
What Is Liability Insurance? - Experian
Jul 24, 2025 · Liability insurance is coverage that protects you financially if you're found responsible for injuring others or damaging someone else's property. Liability coverage can pay for medical bills, …
Liability insurance | Types, Coverage & Benefits | Britannica Money
The policy covers losses resulting from acts or omissions which are legally deemed to be negligent and which result in damage to the person, property, or legitimate interests of others. In comparison with …
Definition for liability insurance: Ultimate 101 Guide
Sep 11, 2025 · Liability insurance is a financial safeguard against the fallout of being found legally responsible for harm to a third party. Often called “third-party insurance,” it’s unique because it pays …
What does liability insurance cover? | Northwestern Mutual
Aug 22, 2023 · Liability insurance can help cover expenses for an event you’re liable for. Learn more about how it works and why it’s an important part of a financial plan.
Understanding Liability Insurance: What It Is, Why It Matters, and ...
May 21, 2025 · Liability insurance protects you from financial loss due to accidents, injuries, or lawsuits. Learn the key types of liability coverage and why they matter for individuals and businesses alike.
What Is Liability Insurance (Liability Coverage)? | Allstate
Typically, liability coverage on your auto policy breaks down into two types: bodily injury liability coverage and property damage liability coverage. Respectively, they protect you if you’re at fault in …