What is liability insurance?

Transcript:

Liability insurance is that part of insurance that you buy as part of a package for either your home, your automobile, or your business. That is designed to protect you from claims that are brought by other parties. Typically, this is shown as bodily injury liability coverage in your insurance policy, and it is a situation that you should consult with either an insurance agent or your lawyer to understand the amount of insurance you might need to protect yourself through the use of liability insurance.