From the highway to the office, insurance policies can turn devastating accidents into simple inconveniences. Take liability insurance, for example—this policy will keep you from paying for the entirety of an accident’s damages. If you don’t have this coverage and want to learn more about it, take advantage of these frequently asked questions.

FAQ About Liability Insurance

What is liability insurance?

Liability insurance protects the policyholder from being financially “liable” for someone else’s injuries or property damage. For example, it might come in handy if you hit someone with your car and they experience whiplash, or if someone slips and falls in your house. Instead of you having to pay for the individual’s medical bills or car repairs, your insurance provider will.

What does it cover?

If you accidentally hurt someone because of a negligent act—such as forgetting to use your turn signal or waiting to clean up that slippery spot on the floor—your liability insurance will cover the individual’s medical bills. If their car was banged up or their smartphone was cracked by the fall, your liability policy may also cover the expense of repairing or replacing their damaged property.

What is left out?

If you intentionally hurt someone or damage their property, you won’t be covered under your liability insurance. Liability insurance also excludes errors and omissions, which are suits that may be brought when a professional doesn’t fulfill their duties or acts negligently. For example, if an architect mislabels a beam, and the structure collapses, they’ll need an errors and omissions policy to protect themselves.

What type of liability insurance plans are there?

Auto liability insurance is the most common, and it protects you if you are at-fault in a roadway accident. Employer’s liability insurance is also widely used, as it protects the employer if one of their workers gets injured or dies while on the job. If you run a business, you can purchase commercial liability insurance, which will protect you from being held liable if a customer or client gets hurt by an employee or on your property.

To protect yourself or your business from potential accidents, let Kelley Agency find you a liability insurance policy. They have years of experience matching Lorain, OH, clients with the right coverage. From your family car to your small business, they can safeguard your livelihood with this essential policy. Find out more about liability coverage and arrange for a consultation by calling their agents at (440) 282-8898.