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  2. Liability insurance - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance

    Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

  3. Inland marine insurance - Wikipedia

    en.wikipedia.org/wiki/Inland_marine_insurance

    Like ocean marine insurance, inland marine insurance has been traditionally less regulated in the United States. [3] Inland marine policies became known as "floaters" since the property to which coverage was originally extended was essentially "floating." The coverage has grown to include property that just involves an element of transportation.

  4. Professional liability insurance - Wikipedia

    en.wikipedia.org/wiki/Professional_liability...

    Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a ...

  5. Small Business Insurance: What Coverage Do You Need? - AOL

    www.aol.com/small-business-insurance-coverage...

    Proper insurance coverage protects your small business from unexpected circumstances and costs. Yet, according to the 2023 Hiscox Underinsurance Report, 75% of small businesses in the U.S. don’t ...

  6. Why Liability Insurance Is a Must for Any Small Business - AOL

    www.aol.com/why-liability-insurance-must-small...

    Product liability: This type of liability insurance protects a business from lawsuits in which someone claims a loss or injury caused by a product you make or sell. Why small businesses should have it

  7. How does auto liability work?

    www.aol.com/finance/does-auto-liability...

    Auto liability coverage insurance covers your financial responsibility when you are at fault in an accident. This coverage helps cover the costs incurred by the other party due to the accident ...

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