Liability insurance is a type of insurance that protects individuals and businesses from financial losses that may occur due to damages or injuries caused by the insured party.

Liability insurance is crucial because it can: 

• Help protect the insured party from financial ruin.
• Cover the costs of medical expenses, repairs, or legal fees if someone is injured or their property is damaged due to the insured party’s actions.
• Help protect businesses from lawsuits that may arise from damages or injuries caused by their employees or products.