What does legal liability coverage cover?

What does legal liability coverage cover is coverage for legal responsibility for injury or damage to others, protecting against claims and lawsuits. Legal liability coverage, which is part of general liability, public liability, and professional liability insurance, offered by insurers including IAG, Allianz, and others, covers legal liability including bodily injury liability covering medical costs, rehabilitation, and compensation for injury to third parties where you are at fault, including slip and fall in business premises, and property damage liability covering repair or replacement of third party property damaged due to your negligence including damage to rented premises or customer property, and personal injury liability covering libel, slander, and false advertising claims, and legal defense costs including lawyer fees, court costs, and settlement costs up to policy limit, typically $1 million to $5 million per occurrence for small businesses and $5 million to $20 million for larger, and advertising injury. For businesses, legal liability coverage includes public liability covering injury to public in your business premises, product liability covering injury from products you sell, and professional liability covering negligence in professional advice. So legal liability coverage covers bodily injury and property damage to third parties where you legally liable, plus legal defense costs and settlements up to policy limits, protecting businesses and individuals against lawsuits for negligence causing injury or damage, with limits $1M to $5M for small business, essential for business and contractors.