liability insurance

noun
insurance covering the insured against losses arising from injury or damage to another person or property.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To liability insurance
Example sentences
There is liability insurance for this type of business.
Liability insurance should go down with a safer system.
Additionally personal and corporate liability insurance should be voided in
  situations where malicious behavior is discovered.
Costs for liability insurance are higher than costs for many procedures.
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