The best definition that describes Liability Insurance is:
1. **Injuries to other people or their property:**
Liability insurance is a type of insurance coverage that protects the insured party against claims resulting from injuries or damages to other people or their property. In the event that you are at fault for causing harm to someone else or their belongings, liability insurance helps cover the costs associated with legal fees, medical expenses, property damage, and more.
By having liability insurance, you are financially protected in case you are responsible for causing harm to others, whether it be bodily injuries or damage to their property. It is an essential type of insurance that helps individuals and businesses safeguard themselves against potential lawsuits and financial liabilities arising from accidents or incidents for which they are held accountable.
