Liability insurance

Liability insurance protects against financial consequences of civil liability toward third parties. It commonly covers compensation owed for personal injury, property damage or certain pure economic losses, subject to policy wording and exclusions. In Switzerland, some liability insurance is compulsory, for example in motor vehicle use or certain professional activities; other cover is voluntary. The insurer usually also handles defence against unjustified claims. Coverage questions may turn on insured risk, occurrence, claims-made clauses, deductibles, intentional conduct and notification duties.