Liability insurance encompasses multiple specialized forms of coverage designed to protect against legal and financial responsibility for third-party injuries or property damage. The primary types include General Liability (for business operations and premises), Professional Liability (protecting against errors, omissions, and negligence in professional services), Directors and Officers (D&O) Liability (for corporate governance decisions), Product Liability (for damages caused by manufactured goods), and Personal Umbrella Liability (providing excess coverage above standard auto and home limits).
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