What Is Backdated Liability Coverage? Usually, you must have liability coverage in place when an event happens that results in a claim. Backdated liability insurance, however, is insurance...
What Is Covered Liability insurance includes two coverage types: Bodily injury liability coverage: Covers when you’ve caused an accident that resulted in an injured person’s or multiple...
Who needs liability insurance coverage? ; What does liability insurance cover? ; What liability insurance do I need? ; Business liability coverage ; Personal umbrella policy
What Is Included in Professional Liability Insurance? Coverage does not include criminal prosecution, nor all forms of legal liability under civil law—only those listed in the policy....
What Is Commercial General Liability Insurance? Commercial general liability (CGL) insurance is a type of policy that provides coverage to a...
What Is Third-Party Insurance? Third-party insurance is a policy purchased by the insured... 2 Even in “no-fault” states, liability coverage is all but essential. No-fault laws do not...
Key Takeaways: ; Personal liability insurance covers you when you’re found liable for another person’s injuries or damage to another person’s property. ; It pays your legal fees and court costs, as well as the medical expenses and lost wages for the injured person. ; A good rule of thumb is to buy enough personal liability insurance to cover your net worth. This ensures your assets are protected in the event of a lawsuit.
Liability car insurance is the minimum amount of coverage required by law in most states. Here's what it covers — and what it doesn't.
What is Liability Car Insurance? ; Liability car insurance generally helps cover property damage or medical expenses you cause others as a result of a car accident where you are at fault. Liability-only insurance does not cover any of your medical expenses or damage to your vehicle. There are two types of liability auto insurance: Bodily Injury Coverage and Property Damage Coverage. Liability car insurance coverage is typically written as a series of numbers representing the maximum amount (in thousands of dollars) insurance may cover in an at- ...
If you don’t have the right coverage, an unfortunate situation can compromise your financial security. Find out what Excess Liability (Umbrella) coverage is.