vastuuvakuutta

Vastuuvakuutus, or liability insurance, is a type of insurance designed to protect an individual or business from claims arising from injuries or damage to other people or property. It covers legal costs and damages if the insured is found liable for an accident. For example, a homeowner's liability insurance would cover medical expenses if a visitor were injured on their property due to negligence. Similarly, a business's liability insurance could protect them if a customer is injured by a faulty product or if their operations cause environmental damage.

There are different types of vastuuvakuutus. General liability insurance is common for businesses and covers a broad range of potential claims. Professional liability insurance, also known as errors and omissions (E&O) insurance, is specifically for professionals like doctors, lawyers, and consultants, covering claims related to negligence or mistakes in their professional services. Product liability insurance protects manufacturers and sellers from claims due to harm caused by their products. Auto insurance typically includes liability coverage to compensate for damages or injuries caused to others in an accident. The purpose of vastuuvakuutus is to safeguard the insured's assets from potentially crippling financial losses stemming from lawsuits.