Every business needs certain type of insurance policy in order to protect the business from losses which are caused from unexpected events. Liability insurance is a type of insurance that provides the coverage to the business and individuals from claims made because of their negligence or malpractice. You should be aware of the coverage of the liability insurance, if you want to purchase this policy. There is some information about the coverage of the liability insurance, such as:
Bodily injury liability coverage: This coverage helps to protect the business owner from different expenses which caused because of negligence or fault. This policy covers medical expenses, medical bills, etc. It also covers the legal defense costs. Those costs may happen when the injured party makes a claim against the business or business owner.
Property damage coverage: This policy also covers the property damage as well. If any property of third party is damaged because of the negligence of the business owner or employee in business premises, then repair costs or replacement costs of such property can be paid by this policy.
Generally coverage of the liability insurance, depends upon the business and insurer and state where the business is done.
Bodily injury liability coverage: This coverage helps to protect the business owner from different expenses which caused because of negligence or fault. This policy covers medical expenses, medical bills, etc. It also covers the legal defense costs. Those costs may happen when the injured party makes a claim against the business or business owner.
Property damage coverage: This policy also covers the property damage as well. If any property of third party is damaged because of the negligence of the business owner or employee in business premises, then repair costs or replacement costs of such property can be paid by this policy.
Generally coverage of the liability insurance, depends upon the business and insurer and state where the business is done.
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