Liability insurance helps protect the insured (the one who purchases the liability insurance) from the burden of claims that can arise and cause you major legal issues. You have a liability issue when you cause damage (financial or otherwise) to a third-party due to your negligence. This could be from an auto accident, a guest getting seriously injured on your property and libel and slander cases too. Once the decision has been made by the authorities that you are guilty of negligence, the … [Read more...]