Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come wi...

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy. Liability insurance has become a much talked about subject and is receiving well deserved attention of the people both on the supply and demand side in India and also worldwide. Events and legislations in the recent past have kept this area in the limelight thanks to the media coverage and some significant legal pronouncements. Liability insurance market is less crowded. There is a dearth of technically talented and trained resources to deal with all aspects of underwriting and claims of this insurance. Liability insurance is a general term to describe different types of insurance coverage that helps protect you or your business. Demand for liability insurance is bound to grow in the times to come.