What is liability insurance?

Liability insurance is a type of insurance coverage that protects individuals or businesses from being held legally responsible for the damage or harm they cause to another person or property. Liability insurance can pay for medical expenses, legal fees, and other related costs that may be incurred by the policyholder in the event of an accident. In South Carolina, liability insurance is often a requirement for anyone who owns a vehicle or operates a business. In some cases, it is also required for activities such as hunting, fishing, and outdoor recreation. Owners of vehicles in South Carolina are required to have liability insurance coverage, which covers losses to another party in the event of an accident. This type of insurance is designed to protect other drivers, pedestrians, and cyclists from any harm you may cause them as a result of your negligence. Liability insurance covers medical bills, vehicle repairs, and other costs that may arise from an accident. Business owners in South Carolina are also required to obtain liability insurance to protect them from any lawsuits that may arise due to the products or services they provide. This type of insurance is designed to protect the business owner’s finances in the event that a customer or another business files a lawsuit against them. In short, liability insurance is a type of insurance coverage that is designed to protect individuals and businesses from financial losses caused by accidents or negligence. It is important for both vehicle owners and businesses in South Carolina to have sufficient liability insurance in the event of an accident or lawsuit.

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What is liability insurance?

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