Liability Coverage protects the insured against financial loss arising out of legal liability imposed upon him/her in connection with bodily injuries (or death) suffered, or alleged to have suffered, by persons or the public, or damage caused to property other than property owned by or in the custody of the insured as a result of the maintenance of the premises, or the business operations of the insured.
With all that being said, when accidents occur, individuals in the accident are compensated for injury or losses caused. Usually the largest expenses are medical; however fees and costs can be exorbitant if a lawsuit occurs. Some individuals may want to consider Umbrella Liability Insurance to protect against catastrophic loss.
Contact me for more information regarding your current policy or to find out more about Umbrella Liability policies and if you should consider getting one.