felelsségbiztosítást

Felelősségbiztosítás, often translated as liability insurance, is a type of insurance that protects an individual or organization against claims arising from injuries or damage to other people or property. This coverage is designed to cover the costs associated with legal liability for such incidents, including medical expenses, property damage repair, lost wages, and legal defense fees.

There are various forms of felelősségbiztosítás. Personal liability insurance is often included in homeowners or renters insurance policies and covers incidents that occur on the insured's property. Professional liability insurance, also known as errors and omissions insurance, protects professionals like doctors, lawyers, and consultants from claims of negligence or malpractice. Business liability insurance safeguards companies against claims of bodily injury, property damage, or advertising injury that occur in connection with their business operations. Product liability insurance specifically covers manufacturers and sellers for damages caused by defective products.

The purpose of felelősségbiztosítás is to provide financial protection against potentially devastating lawsuits. Without it, individuals and businesses could face significant out-of-pocket expenses if they are found liable for an accident or injury. The premiums paid for felelősségbiztosítás are typically based on factors such as the level of risk associated with the insured activity, the coverage limits chosen, and the insured's claims history. This insurance is a crucial risk management tool for both individuals and commercial entities.