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  2. Liability insurance - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance

    Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

  3. Legal expenses insurance - Wikipedia

    en.wikipedia.org/wiki/Legal_expenses_insurance

    Legal protection insurance should not be confused with the coverage often included in a liability insurance. Liability coverage is designed to protect the policyholder against losses resulting from acts or omissions that are negligent and that result in damage to another person, their property or interests.

  4. Business owner's policy - Wikipedia

    en.wikipedia.org/wiki/Business_owner's_policy

    This coverage typically takes the form of compensation for legal fees related to third-party lawsuits over such incidents (including lawyers’ fees, settlements and court costs). In addition, BOP liability coverage may include compensation for medical expenses that result from an injury to a third party on a covered business's premises for up ...

  5. Types of business insurance - AOL

    www.aol.com/finance/types-business-insurance...

    Type of business insurance. Description. General liability insurance. Pays legal fees and settlements (up to your policy limits) if you get sued for a covered general cause. Product liability ...

  6. A comprehensive guide to small business insurance: Here’s how ...

    www.aol.com/finance/comprehensive-guide-small...

    For example, if a client is injured on your business premises, general liability coverage would help cover your legal bills, the medical bills of the affected person and any damages resulting from ...

  7. One key reason: third-party litigation funding has become a billion-dollar money-maker for lawyers and insurance companies—and policyholders are paying the price for rising litigation.

  8. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    If the third party sues the insured driver, liability coverage also covers court costs and damages that the insured driver may be deemed responsible for. In some states, such as New Jersey, it is illegal to operate (or knowingly allow another to operate) a motor vehicle that does not have liability insurance coverage.

  9. How does auto liability work?

    www.aol.com/finance/does-auto-liability...

    Auto liability coverage insurance covers your financial responsibility when you are at fault in an accident. This coverage helps cover the costs incurred by the other party due to the accident.

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