Liability insurance

In many countries, liability insurance is compulsory for those at risk of being sued by third parties for negligence.

They usually cover the drivers of vehicles, those who offer professional services to the public, those who manufacture products that may be harmful, and those who offer employment.

Public liability: This cover individuals and businesses that carries out activities that have the potential to cause physically injury or property damage to third parties.

Product Liability: This cover claims by consumers for injury or damage caused by a faulty or defective product.

Employer Liability: This cover liability that might be imposed on an employer if an employee is injured in the course of his or her employment.