GENERAL KNOWLEDGE

Detailed explanation-1: -What Is Liquor Liability Coverage? Liquor liability insurance helps protect businesses that sell, serve or distribute alcohol. This type of business insurance can help cover claims of bodily injury or property damage that an intoxicated customer causes after a company served them alcohol.

Detailed explanation-2: -What is Bodily Injury Liability? If you are responsible for a car accident, bodily injury liability coverage pays for the medical costs of the people who are injured (not including yourself). This coverage also helps cover payment for legal defense in the event you are sued for damages.

Detailed explanation-3: -Difference between split-limit coverage vs. combined single-limit policy. A split-limit policy breaks your bodily injury and property damage coverage limits into three separate components, while a combined single-limit policy merges them so you have one limit for both bodily injury and property damage.

Detailed explanation-4: -Liability insurance provides protection against claims resulting from injuries and damage to people and/or property. Liability insurance covers legal costs and payouts for which the insured party would be found liable.