Liability Insurance for Business
You may think you’re well covered, but your business may be under-insured or even uninsured if something goes wrong. If so, recovery could be very difficult.
On a basic level, a liability refers to your responsibility to others. Liability insurance will protect you and your business against claims arising from injuries or damages to other people or property that result from some aspect of your business.
Basically, if someone makes a legal claim against you, you will be financially protected and the insurance will cover the associated costs rather than you having to find the cash to cover it yourself.
Types of liability insurance that you might consider as a business owner include public liability, product liability and professional indemnity insurance.