Comprehensive Liability Insurance
Definition - What does Comprehensive Liability Insurance mean?
Comprehensive liability insurance is a policy that is broad, which protects an entity or organization from liability claims in relation to other product coverage. This type of insurance is intended to address the costs of the legal liabilities of the insured individual as a result of injuries, accidents, and property damage done by third parties.
Insuranceopedia explains Comprehensive Liability Insurance
Comprehensive liability insurance provides protection of losses from incidents apart from collisions, such as your vehicle was damaged during a flood or stolen.
A comprehensive liability insurance is considered as a standard insurance issued to a person on business organizations. This gives them protection against liability claims for property damage or injuries even personal injuries.
When you choose a comprehensive deductible, you must consider different areas so you will know the amount of money you are comfortable paying.