liability insurance
- A type of insurance coverage that protects against financial losses resulting from being held legally responsible for physical injury or damaged property of others
- People generally get liability insurance to safeguard their assets in case they are involved in any incident causing damage to someone's property.
- The contractor was required to have liability insurance before he could start working on the site to protect against any accidental damage.
- The restaurant owner took out a liability insurance policy to cover any incidents of food poisoning or injuries in the kitchen.
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