Final answer:
Liability insurance is essential for businesses to protect against harm to their property, employees, and guests.
Explanation:
Liability insurance is the type of insurance that must be purchased to cover any harm to your facility, employees, or guests. It provides protection in case of accidents or injuries that occur on your property.
For example, if a guest slips and falls at your establishment, liability insurance would cover their medical expenses or any legal fees that may arise from the incident.
Having liability insurance is crucial for businesses to safeguard their assets and ensure financial protection in case of unforeseen events.
Learn more about Liability insurance here:
https://brainly.com/question/43284913
