Liability Insurance

Liability insurance covers compensation claims that third parties may file for damage occurring in an area under the insured's responsibility.

Highlights

• Mandatory liability insurances (Traffic, LPG dealership, passenger transport, etc.) are maintained in risky sectors with limits set by the state.
• Among optional insurances; policies such as Third-Party Financial Liability, Employer Liability, and Product Liability protect businesses.
• Professional liability insurance comes into play for possible negligence of professional service providers such as doctors or lawyers.
• It financially secures the insured's family or employees against damage compensation claims arising from carelessness.