Liability Insurance is a crucial policy that provides protection against claims resulting from injuries and damage to other people or property. This insurance covers legal costs and any payouts for which the insured party would be responsible if found legally liable. Liability Insurance is essential for individuals and businesses to safeguard their financial stability and assets, ensuring they are protected against lawsuits and claims arising from accidents, negligence, or unforeseen incidents. It offers peace of mind by mitigating the financial impact of legal liabilities.