Public and product liability insurance is a form of insurance that provides coverage for those who are responsible for causing injury or damage to a third party or their property. It is important for anyone who is running a business or providing a service to have this type of insurance in order to protect their assets. This type of insurance is designed to cover legal costs and damages that may be awarded to the third party as a result of the insured’s negligence. If you want to know about public and product liability insurance, then you can contact Connect business insurance.
Image Source: Google
Protection from Lawsuits
One of the main benefits of public and product liability insurance is that it provides protection from lawsuits. If someone is injured or their property is damaged as a result of the insured’s negligence, they may be able to file a lawsuit against the insured. If the insured has public and product liability insurance, then the insurance company will pay for the legal costs and damages that may be awarded to the injured party.
Peace of Mind
Another benefit of public and product liability insurance is that it provides peace of mind. No one wants to be held liable for an injury or damage that they did not cause, and having this type of insurance will ensure that the insured is protected in such cases. The insurance company will be able to cover the costs associated with any claims that may be made against the insured, which will give the insured peace of mind that their assets are protected.