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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. Liability (financial accounting) - Wikipedia

   en.wikipedia.org/wiki/Liability_(financial...

   The accounting equation relates assets, liabilities, and owner's equity: Assets = Liabilities + Owner's Equity. The accounting equation is the mathematical structure of the balance sheet. Probably the most accepted accounting definition of liability is the one used by the International Accounting Standards Board (IASB). The following is a ...

4. Insurance - Wikipedia

   en.wikipedia.org/wiki/Insurance

   Public liability insurance or general liability insurance covers a business or organization against claims should its operations injure a member of the public or damage their property in some way. Directors and officers liability insurance (D&O) protects an organization (usually a corporation) from costs associated with litigation resulting ...

5. 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 ...

6. What are the different types of car insurance coverage? - AOL

   www.aol.com/finance/different-types-car...

   For liability coverage, most insurance professionals advise that you purchase limits higher than state minimum levels to protect yourself against financial strain in the event of an at-fault accident.

7. These states are increasing minimum coverage requirements in 2025

   www.aol.com/finance/states-increasing-minimum...

   New minimum car insurance liability limits: 30/60/15 Change effective Jan. 1, 2025 The 2025 minimum coverage increase in California marks the first time coverage requirements have changed in 56 years.