Liability insurance is cover against being sued for harm you cause. Public liability insurance, take out liability insurance, no liability insurance at all.
It pays the other person rather than you, which is what separates it from cover on your own property. Most trades cannot legally work without it, and employers' liability insurance is compulsory in Britain.
1nounliability insuranceCover against being sued for harm you cause.
“No hall will let a room without liability insurance in place.”
liability insurance is insurance.
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