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Types Of Liability Insurance That You Should Know
Offering insurance coverage to owners of small/big businesses, professionals such as doctors, lawyers, accountants, and other self-employed individuals, is Liability Insurance. This insurance covers costs incurred in the event of malpractice claims slapped against them. Malpractice could mean and includes mistakes committed on purpose or unintentionally such as abandoning responsibility, unethical and unprofessional behavior, negligence, or incompetence. The importance of possessing a liability insurance should not be undermined because having it or not might be the deciding factor in the business or profession being continued or ending, in the event of a liability claim.
The different types of liability insurance are:
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