Damaging someones property or causing injury or death.
Liability
Liability insurance.
Public liability is a type of insurance policy. This insurance protects or covers the user for legal liability to third parties (that is, potential lawsuits against them imposed by third parties).
Liability and medical insurance.
public liability insurance
Comp covers theft and accidents iwth other cars. Liability protects you against lawsuits from other people.
Commercial general liability is an insurance policy that protects a business against lawsuits that pertain to bodily injury and property damage that may have come from the business.
"Personal liability insurance can be useful for some people. It protects against financial losses if you are sued for slander, defamation, invasion of privacy, etc. People such as journalists and private investigators usually purchase it."
Event planners owe it to themselves to invest in liability insurance. If there is a theft from the entertainment or a vendor or other participant, planners may be held liable. If there is an accident in which property is destroyed, liability insurance protects the planner from financial ruin. Individual complaints due to accidents are covered by liability insurance. Event planners can also insure their event against a disaster that threatens to eat all the profits or worse shuts down the entire event. Smart financial planning requires that events be insured against these problems.
It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.
Think of professional liability insurance not as insurance against your own malpractice, but as insurance against the malpractice your angry clients will claim. No matter how hard you work, whether you are a doctor, lawyer or other professional, there will be some clients that are unhappy with the results. Sometimes, this unhappiness causes them to look for malpractice, even when there is none. Professional liability insurance can help by quickly settling frivolous claims, and by protecting your reputation in court if necessary.
Yourself and the cargo you are carrying should be covered under this insurance. It also protects your company from liability in case of an accident or emergency.