Insurance is one way to protect yourself and others. Most common insurance that we know of are health insurance, life insurance, car insurance and the likes. And there is the Liability Insurance.
In a nutshell, a liability insurance offers to protect an individual or business from getting sued for negligence. Most common types of professions that are prone to this kind of dilemma are professional workers (doctors, nurses, etc), car drivers, constructions, and business owners.
The question is, how much is liability insurance? or how much liability insurance do you need? It all depends on what type of client, the size of your company and specialty.
Liability insurance is very important. Especially to those who may be held negligence for their work. If you want to know more about this type of insurance, make sure to ask a lawyer about it and which company to purchase.
I suddenly remembered a case here in my country, where a nurse accidentally tripped because of a broken floor tile while pushing the baby and landed on the floor, head first. The baby died. I don’t know what happened to the nurse. The last news I caught was that he was being sued by the family for negligence.