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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. Why Liability Insurance Is a Must for Any Small Business - AOL

    www.aol.com/why-liability-insurance-must-small...

    Product liability: This type of liability insurance protects a business from lawsuits in which someone claims a loss or injury caused by a product you make or sell. Why small businesses should have it

  4. Professional liability insurance - Wikipedia

    en.wikipedia.org/wiki/Professional_liability...

    Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a ...

  5. Commercial general liability insurance - Wikipedia

    en.wikipedia.org/wiki/Commercial_general...

    Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.

  6. How does auto liability work?

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

    Liability is an important component of a car insurance policy, so understanding how the liability portion of your auto insurance policy works is crucial. Auto liability insurance covers the costs ...

  7. Price–Anderson Nuclear Industries Indemnity Act - Wikipedia

    en.wikipedia.org/wiki/Price–Anderson_Nuclear...

    The "amount of insurance required could not be underwritten at the time by any single or joint company effort". [5] A power plant, Shippingport, was eventually constructed, but electric utility executives expressed concerns about limited size of liability coverage offered by the insurance market ($60 million). A nuclear accident of privately ...

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