What is Liability Insurance?

Liability insurance is a form of insurance that protects a person from claims that have been raised by another party. Every person undertaking insurance should consider opting for this form of insurance because it provides protection from third party claims. For example, if your car was involved in an accident and the other party took up legal action against you for damage and looses as a result of the accident, car liability insurance can help you in meeting the expenses arising as a result of such actions. When you get into taking insurance, you have to check up on various aspects of insurance. There are many types of insurances and one of the most important is liability insurance.
Many organizations opt for Employer Liability. This form of liability insurance protects the employer from employee related illnesses, damages, losses as a result of which the employee might sue the employer. 
You can find different types of liability insurance available. There is the general type of liability insurance, which protects you against third party claims and which also covers businesses. Another type is the D & O liability stands for "directors and officers" liability insurance. This form of liability insurance is to be taken by a company in order to protect themselves from legal action arising out of faults committed by an office or director of the company.
In case of individuals, those who are in professions that demand the use of their professional expertise, professional liability insurance is what is necessary. It is similar to malpractice insurance but it provides lesser coverage than this form of insurance and it is intended to protect the professional from legal actions that can arise from clients who use their expertise. Three can be situations where their expertise was not fully provided or there was a point of neglect which caused grievance to the client. In such situations, this type of insurance can be really necessary.