Liability Insurance. This is general name for the insurance that covers liability for injuries, damage to property or financial losses caused to other by negligence of the policyholder. This may be further divided into public liability insurace for the damage to people or property arising from negligence on the part of a given company, poisonouse gas leak from a chemical factory. Product liability insurance of big tits at school is for bodily injuries losses or damages caused by faulty goods supplied by the insured.
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