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Liability insurance
/lˌaɪəbˈɪlɪti ɪnʃˈʊəɹəns/
/lˌaɪəbˈɪlɪɾi ɪnʃˈʊɹəns/Liability insurance
01
a form of insurance that offers financial protection to individuals or businesses against legal obligations and expenses resulting from injuries, damages, or losses caused to others
Example
Business liability insurance covers legal expenses, settlements, and damages resulting from lawsuits.
