Liability Insurance: A Guide
Hey there! Let’s talk about something crucial for every business owner, freelancer, or professional: liability insurance . There are several types of liability coverage tailored to different needs It might not sound as exciting as launching a new product or service, but trust me, it's essential for your financial security and peace of mind. What is It? Simply put, liability insurance is a type of insurance that provides coverage for claims against you or your business for damages or injuries caused to others. It helps protect your assets and covers legal costs in case someone sues you. Types of Liability Cover There are several types of liability coverage tailored to different needs: General Liability Insurance This type of insurance covers common risks such as property damage, bodily injury, and advertising injury claims. It's a fundamental coverage for most businesses. Professional Liability Insurance Also known as errors and omissions insurance , professional liability insu...