General Disclaimer: We are not responsible for any errors or other inaccuracies in the content on our website. All the articles here are presented with no warranty. The information displayed on businessbytes.net may be different from what you see when you visit a financial institution, service provider, or a specific product's site. The information provided on this website is solely for educational and informational purposes. Before you make any financial decisions or implement any financial strategy mentioned on the website, we recommend that you obtain considered and independent advice from a financial professional who understands your financial needs.
Advertiser Disclosure: Businessbytes.net does not include all the available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers. Card Listings and other financial products that appear on this site are from financial companies for which businessbytes.net may receive compensation. This compensation may impact how and where products rankings on this site including, for example, the order in which they appear.
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:
featured articles
newsletters
We hate spams as much as you do. Get the latest financial news in your inbox!