What is Liability Insurance?

Liability insurance can cover a number of different things. At its most basic level, it is the part of an insurance policy that protects the person who the policy covers against claims made against them. This is only if the claim comes under the specifications of the policy.

Liability insurance can differ between insurers, policies, and situations. For example, there are a number of types of insurance that might be available. Public liability insurance is a little more specific, and is a good example. Public liability insurance keeps you protected against any claims made by a member of the public against you whilst in the course of your work, whether that be for causing injury or damage to a person’s property.

Another example of a specific kind of liability insurance is employers liability insurance. This protects an employer in case of any injury befalling an employee. It helps them with claims made against them to do with this particular circumstance, and is a popular type of insurance to find on a policy. Note that in the UK, employers liability insurance is not an option. If you have employees, then it is compulsory by UK law to own employers liability insurance.

Liability insurance is not just one simple thing. It can manifest itself in a number of different forms and different kinds of this sort of insurance are best for certain kinds of circumstances. It is definitely something that you will come across in buying or researching insurance policies for almost any kind of business or organization.