business liability insurance

Business liability insurance protects businesses from claims arising from negligence. It covers sums the business becomes legally obligated to pay due to bodily injury, wrongful death, or property damage. This can include liability for building owners, employers, contractors, and faulty products. Policies often cover claims even if the act was deliberate, as long as the result was accidental or unintended. Insurers also typically provide a legal defense for the insured business, even if the claim is false. Limits on the payout amount and specific exclusions, such as for personal activities, are common in these contracts.12