WHAT IS LIABILITY INSURANCE?
With the help of liability insurance you can compensate for the damage that you have done to someone. Damage in this case is harm to health, life, movable or immovable property (that is, if you broke something, flooded it, ruined it, someone suffered from your unintentional actions - the list of situations is not limited).
There are two main categories of liability insurance:
- responsibility for causing harm - this type of insurance is necessary for people who are afraid of their careless actions to cause the very damage from the definition above;
- responsibility for improper performance of the contract - in the same cases, this type of insurance is used in business.
