felelsségbiztosítása

Felelősségbiztosítás, often translated as liability insurance, is a type of insurance designed to protect an individual or business from the financial consequences of causing harm or damage to a third party. This harm can be either bodily injury or property damage. The policy typically covers legal defense costs as well as any settlements or judgments awarded to the injured party.

There are various types of felelősségbiztosítás. General liability insurance is common for businesses and covers a broad range of risks, such as accidents that occur on business premises or damages caused by products or completed operations. Professional liability insurance, also known as errors and omissions insurance, protects individuals and companies in professions like law, medicine, or consulting from claims of negligence, errors, or omissions in their professional services. Auto liability insurance is legally mandated in many places and covers damages or injuries a driver causes to others in an accident. Homeowners and renters insurance policies also usually include liability coverage for incidents that happen on the insured property.

The purpose of felelősségbiztosítás is to provide financial protection against potentially ruinous claims. Without it, an individual or business could face severe financial strain or even bankruptcy if found liable for significant damages. The premiums paid for felelősségbiztosítás are typically based on factors such as the type of business or activity, the level of risk involved, the coverage limits chosen, and the claimant's history.